DALLAS—The chairman of the U.S. Olympic Committee says acting CEO Stephanie Streeter is doing a “terrific” job and deserves her pay package, which could be worth more than $1 million a year.
The USOC board recently approved a $560,000 base salary for Streeter and is negotiating a bonus package that could bring the total salary to seven figures if she meets a number of goals. Former CEO Jim Scherr made $619,507 in 2008, with a base salary of $428,243.
Chairman Larry Probst, who signed off on the salary, told The Associated Press on Saturday that Streeter’s salary was appropriate given the responsibilities she has as the acting CEO.
He said, “She is doing a terrific job and is fully deserving of the compensation she is receiving.”
