Balancing the 2002 Olympic budget

Romney first obtained national attention with the 2002 Olympic Winter Games being held in Salt Lake City. In 1999 the event was $379 million short of its revenue goals, and there were damaging allegations of bribery involving top officials. In an effort to get the event back on track, Romney was asked to lead the organization of the Games. The Organizing Committee's leadership and policies were restructured, budgets were tightened and fundraising was placed back on track. Under his leadership, the 2002 Olympic Winter Games turned into a spectacular success, clearing a profit of $100 million. Romney himself contributed $1 million, and donated his three years of pay ($275,000 per annum) to charity. He wrote a book about his experience called Turn Around.

http://en.wikipedia.org/wiki/2002_Olympic_Winter_Games