In this case, his arrogance appears to have caused him and his handlers to believe that, by taking the unprecedented step of having an American president show up in person to lobby the International Olympic Committee (IOC), his rock-star status would assure Chicago's selection.
The Chicago News Cooperative applied for nonprofit status in 2010 and waited a year before getting a series of detailed questions from the IRS. Further delays caused it to shut down in 2012.
While the business schools at Harvard, Columbia, Wharton and Duke offer full alumni status to advanced management program participants, schools such as Northwestern University's Kellogg School of Management, the University of Chicago Graduate School of Business and Dartmouth's Tuck School grant only partial alumni status.