1. Marty Mankamyer, the president of the United States Olympic Committee (USOC),

Question

1. Marty Mankamyer, the president of the United States Olympic Committee (USOC), resigned in early February 2003 following reports in The Denver Post that indicated she had demanded a commission from a fellow real estate broker in the Colorado Springs area, the home of the USOC, who had sold property to Lloyd Ward, the CEO of the USOC. Mr. Ward had purchased a 1.3-acre lot in Colorado Springs for $475,000 and had paid the listing broker, Brigette Ruskin, a commission. Ms. Mankamyer allegedly demanded a portion of the commission from Ms. Ruskin, and Ms. Ruskin sent her a check. Ms. Mankamyer had shown Mr. Ward and his wife properties in the area when they were being considered for the job and when he was considering taking the job. However, Mrs. Ward indicated that Ms. Mankamyer did not identify herself as a real estate agent and that she assumed that Ms. Mankamyer was showing the properties as a “goodwill gesture.” 15 What conflicts of interest do you see here?

Explanation / Answer

here Marty was used the power to lobby something, i.e. to acquire the land at lower cost. being the precident of USOC he shuold work for the wellbeing of USOC, but he looks for his self benefit. so, looking for self benefit rather than organizational benefits. however the opposite party should also be known about the others while dealing any transaction. here it was missed, the broker assumes that Marty also one of the broker or some one else. if he really knows what he is, he may not pay the share or portion of amount.

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