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USOC pays stunning salaries to two CEOs

Posted: May 16, 2010 10:00 PM by Bea Karnes, News First 5
Updated: May 17, 2010 11:18 AM

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Stephanie Streeter made nearly $1 million as acting CEO of the U.S. Olympic Committee in 2009, according to tax reports filed by the federation Monday.

The annual report recorded Streeter's compensation at $1.006 million, which included $960,000 in salary and bonuses and $46,000 in benefits.

The man she replaced, Jim Scherr, received $801,000, which included a year of severance pay after he resigned in March 2009. Streeter took Scherr's place, then stepped down later in the year.

She was replaced in January by Scott Blackmun, who agreed to take the job for $450,000 a year.

The US Olympic Committee paid two CEOs in 2009--$1 million to Stephanie Streeter and $800,000 to Jim Scherr. Were their salaries justified?

Topics: stephanie streeter, jim scherr, salaries, usoc, united states olympic committee, scott blackmun, colorado springs news, colorado springs events.

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