Corporate "Sin-Washing" - Embracing the Olympic Brand Pays Off for Sponsors
http://truth-out.org/news/item/10830-corporate-sin-washing-embracing-the-olympic-brand-pays-off-for-sponsors
Global corporations like Dow Chemical, Adidas, and McDonald's are paying upwards of $100 million USD to sponsor the 2012 London games and associate themselves with the Olympic brand -- but with their brands already well-established, what do corporations get in exchange for these expensive sponsorship deals?
According to Dave Zirin, sportswriter and columnist for The Nation, the payoff comes through "corporate sin-washing."
"More than any other enterprise, if a company associates themselves with an Olympics, it really creates a positive feeling in the mind of the consumer," he says.
But, "if you look at the main sponsors that the International Olympic Committee has brought on board, you see companies like Dow Chemicals, British Petroleum, McDonald's, Adidas." These companies, Zirin tells the Center for Media and Democracy, are some of "the worst corporate criminals" most in the need of an Olympic absolution.