(BarterNews #19) Chicago Barter & 1984 Olympics
March 24th, 2008 · by Bob Meyer · No CommentsThis issue’s cover story is about the remarkable phoenix-like rise of Chicago Barter, after they left Barter Systems as a franchisee and went on to become one of the nation’s top trade exchanges. Most important, in addition to the great success story, was the sharing of workable ideas they pioneered in their industriousness to build a premier organization.
We looked at “How Barter’s Image Is Changing” due to the entrepreneurial efforts of Peter Ueberroth and the Los Angeles Organizing Committee’s embracement of barter at the 1984 Olympic Games held in Los Angeles.
Another important event that helped the image change was the passage of the TEFRA Act (Tax Equity & Fiscal Responsibility Act of 1982). This act provided further credibility and legitimacy to the young industry by defining trade exchanges (barter companies) in the Internal Revenue Code. The bill placed trade exchanges alongside commercial banks, credit card companies, stock brokerages and other institutions, as third-party record keepers.
We had further coverage of the NATE 6th Annual Convention held in Las Vegas, March 1989, with a record attendance of 134.
There was a report on the American Graduate School of International Management in Phoenix (AZ). For many the school is better known by its nickname, “Thunderbird.”
Kenton Edlerkin, countertrade manager at Polaroid, authored, “Purchasing’s Role In Countertrade.” And we covered the American Countertrade Convention, where host Gary Pacific of the McDonnell Douglas Corp. invited BarterNews publisher Bob Meyer to address the distinguished group of countertrade managers from a roster of 111 major multi-national corporations.
This issue and every other issue of Barternews now available in digital format.
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Isn’t it going to be fun when you become a barter expert?
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