Tag Archives: Olympic Games
When I read that Paul McCartney received $1.57 for his performance at the Olympics I wasn’t sure what $1.57 was referring to exactly. Come to find out today, that is exactly what he got paid. $1.57 or 1 British pound.
Despite his age, McCartney killed it closing the showpiece event. He got everyone fired up with “Hey Jude” and Arctic Monkeys played the Beatles “ComeTogether”. By all measures it was a hit, helping to bring in a huge audience of 42 Million viewers Worldwide.
McCartney wasn’t the only one who gave up his salary; all the headlining acts did.
A London 2012 spokesperson told the Press,
“The top talent basically gave their services for free, But in order to have a formal contract for their services you have to show an amount, so that was set at a pound which enables them to have a contractual arrangement.”
McCartney can definitely afford it. He was just listed in The Sunday Times as Britain’s wealthiest musician worth £665 million. Looking back at his divorce settlement to Heather Mills in 2008, that $48.6 million was like chump change.Read more...
Ralph Lauren finally spoke up against the Olympic controversy that has been brewing since last week.
The jig was up when the media got wind that the US Olympic Opening Ceremony Uniforms were actually made in China!
COME ON MAN!!
I completely understand and appreciate the need for outsourcing. In fact, this isn’t even me writing this, I’m from New Delhi, outsourced to run this blog (just kidding). However it’s a business decision but it should also be leveraged by strategically showing how it can help the American economy. If it can’t help the American Economy, then it should be restructured that it does some how. The more successful your brand, the more responsible you are – especially if you are making the US Olympic Team uniforms. In case you are going to rant and rave about how everything is made in China – I get it. Like I said, I totally understand outsourcing but when you look at the cost of the uniforms, he could and should have made an exception.
Beret – $55
Tie – $125
Belt – $85
Shirt – $425
Blazer – $795
Trousers – $295
Shoes – $165
Beret – $55
Scarf – $58
Belt – $85
Shirt – $179
Skirt – $498
Blazer – $598
The men’s outfit is $1945. I never wore a $2000 outfit in my life.
Well Ralph new he “F” ed up. He either waited the weekend to respond to align his publicist and organize a clear concise response strategy or he’s just getting back from the Bahamas on his yacht. Either way he prepared a statement,
“For more than 45 years Ralph Lauren has built a brand that embodies the best of American quality and design rooted in the rich heritage of our country. We are honored to continue our longstanding relationship with the United States Olympic Committee in the 2014 Olympic Games by serving as an Official Outfitter of the US Olympic and Paralympic teams. Ralph Lauren promises to lead the conversation within our industry and our government addressing the issue of increasing manufacturing in the United States and has committed to producing the Opening and Closing ceremony Team USA uniforms in the United States that will be worn for the 2014 Olympic Games.”
Hmmm….So basically they will get it right in 2014. They will produce the clothes in China and put some “made in the USA” tags in them. The guy who forgot to do that this year has been fired. Now we just have to make the outfits look American. What’s with this French look?? As a fan of RL, I kind of dig the style but I can do without the berets.
They say when you retire, that’s when you start to die. Ralph Lauren has no plans on dying any time soon. The 72 year old, has decided to stay as the Chairman and CEO of his label for another 5 years. He won’t be retiring until April 1, 2017! He has even left himself an option to renew for more time when that contract expires. A rich mans 72 is a poor mans 50!
As part of his contract negotiation (with his own company), he will receive a 40% pay raise taking his salary from $1.25 million to $1.75. However, like most moguls the bulk of his pay comes in the form of bonuses and due to the recession these have been reduced drastically. His target bonus be $9 million down from $13 million and his cash bonus will be $13.5 down from $19.5.
The Ralph Lauren company will continue to design sportswear for the London Olympic and Para-Olympic teams. David Lauren, son of Ralph Lauren and Sr. VP of advertising conveys the importance that the Lauren brands put in being selected to represent for the Olympics,
“The Olympic Games are the greatest sporting event in the world and we are incredibly honored to play a part and celebrate the achievements of American athletes,”
The company serves as the Official Apparel Sponsor for both Wimbledon and the U.S. Tennis Open. Polo Ralph Lauren currently also sponsors an elite roster of professional golfers, as well as the Blackwatch Polo Team.Read more...
Serena wasn’t the only sister to win today. Venus was also a winner as Serena paid tribute to her older sister, as she captured her fifth Wimbledon title. Between the two of them the William sisters now have 10 titles – taking 10 out of the last 13.
Venus was diagnosed last year with Sjorgren’s Syndrome. The fatigue related illness keep t her out of competition until March this year. Her last win came in Dubai 2010 and her last Grand Slam title was two years before that. In this year’s Wimbledon she was ousted in the first round to Russia’s Elena Vesnina, which has forced her world ranking to drop to 58.
Serena described just how much of an influence Venus has been in her life,
“I don’t know what I would have if Venus didn’t exist. I don’t even know if I would own a Grand Slam title or if I would play tennis, because we do everything together,”
“Growing up I copied Venus, everything she did. She was a real big influence for me. So when she started winning, I wanted it so bad. When she became number one I had to be number one.
“I had to work harder. I had to do everything in my power to get there. I have no idea what would happen if she wasn’t around.”
If you think this victory came easy, think again. Serena won Wimbledon back in 2010. Since then she has been through it!
- Stepped on broken glass and needed 2 foot operations
- Received emergency treatment for blood clots in her lungs
- Suffered a torn ligament
- Suffered an embarrassing loss in the Open last year and a first round loss in the French Open only a few weeks ago.
Her dominant performance serves as an answer to all who thought that at age 30 (Serena) and 32 (Venus), that the Williams sisters were just a memory. If Serena’s win wasn’t enough, the two also earned their 5th Wimbledon’s doubles trophy and they are both looking forward to taking their acts to London for the Olympic Games.
When asked if she thought she could pass Navratilova’s 18 wins or even Steffi Graf’s 22, Serena’s answer was,
“I don’t see why not,”
Right now, I don’t see why not either.Read more...