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Tax returns show increasing stability at USOC

Updated: May 15, 2013, 6:05 PM ET
Associated Press

The U.S. Olympic Committee had revenues of $338 million in 2012 and did not have to pay any of its former executives, further signs of the organization's increased stability.

The 2012 tax forms filed Wednesday show an organization largely recovered from the chaos and turmoil that followed Jim Scherr's ouster as chief executive officer in 2009. For a second straight year, the USOC did not have any severance payments to former CEOs on its books -- it was still paying two former CEOs along ...

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