Word: szymanski
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Dates: during 2000-2009
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...city government ?1.2 billion ($1.9 billion). There's also a second budget of ?2 billion ($3.2 billion) that is being privately funded. Still, it's difficult to say how much will eventually be spent to host the event. "No one will ever know the true Olympic budget," says Stefan Szymanski, professor of economics at the Cass Business School in London. "A large number of public servants have been diverted to Olympic work without anyone [putting a value on] the use of their time, and various costs have been diverted to other budgets." With the world still in recession, the organizers...
...years after the 2005 London transport bombings, terrorism is still a major concern for the city. And keeping the Olympic athletes and spectators safe won't come cheaply, so once again, money has become a concern. "The cost of providing the security for the London Games will be astronomic," Szymanski says. Britain's Home Office estimates that security will run about ?600 million ($959 million), but with three years to go before the event, the agency can't say exactly how the money will be spent. Apart from that are the logistics. "It's not an event you will...
...what's the harm in a little sponsorship? The ambitions behind a firm's marketing may offer a clue. "A lot of companies interested in sponsorship would be companies targeting very high rates of growth," says Stefan Szymanski, a sports business economist at Cass Business School in London. "To target a very high rate of growth is often a high risk strategy. High-risk businesses, in recession, tend to go bust." (The reverse can also be true: the stock price of sponsors of U.S. sports stadiums actually outperformed the market in the more benign conditions...
Princeton did, however, lose its top two receivers from last year—B.J. Szymanski to the MLB amateur draft and Blair Morrison to graduation—but they have been more than adequately replaced...
Deep down, just like Eisenhower we all dream of being big leaguers. And that’s the allure of Scout Day. On Wednesday, no Harvard player got six figures with a single swing like Szymanski, but they may have earned a second look. A scout may have put their name in a database, and that same scout may come back this spring. The player might not get drafted, and even if he did, he probably will never reach the big leagues...