Many of you know that I am from Austin, but I most certainly am NOT a Lance Armstrong fan. As a young teen, I competed in many individual events ( mostly running and cycling ). Armstrong and myself are fairly close in age and we often competed in many of the same events in and around Austin. Even back then, he had a reputation as a competitor and certainly did win most of these events for his age group. But, the guy is a real snake ( don't even get me started on what he did to his wife and kids in order to be with Sheryl Crow ).
Anyway, aside from the fact that he is a real loser of a person, I would like to shed some light on his glorious "Live Strong" campaign and his efforts to parlay his "humanitarian" efforts into a future political career.
Fortunately, in this country, our government attempts to hold organizations financially accountable. Annual financial reports are required by all non-profit organizations and must be made public. Fortunately, for organizations, most people are put to sleep when reading such excruciatingly boring material. Well, I'm one of the weird ones. I actually find it quite interesting and revealing when reading these documents. If you look hard enough, you will find the true motives of many of these Hollywood-esque "saints".
The primary figure that everyone should consider when looking at these Financial Reports is how much is spent on administration costs.
Well, in the case of the esteemed "Lance Armstrong Foundation", a solid 54% goes toward administrative costs ( see page 23 in the document ). That's a lot of big cushy executive butts sitting in big leather chairs that should be going toward cancer research. The foundation has spent almost $3,000,000 alone on wrist bands to hand out to support Armstrong's future political aspirations.
These so-called "caring" organizations do more to line their own pockets than to support the cause they use to promote their own agendas. If you have not noticed, this is one of my very big pet peeves.
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