This may be incredibly naive but I believe there was a time when these International organizations like the IOC, FIFA, and WHO were composed of rich influential people who viewed the position as philantrophic and a way to give their time back to the people who helped them gain their wealth. For the most part, It appears that this has changed and that is why RIO is in the situation it is. The people who run these organizations have shifted their focus from benevolence to accumulation of power and wealth and that is what needs to be fixed. It would be a total shame if it was a tradition that ended.
I live in Rochester, NY and this type of situation has really impacted life here. When I grew up, KODAK was everpresent. It employed a great deal of people and was always doing things for the community based upon the attitude and actions of its founder, George Eastman. Unfortunately, it made some very bad business decisions and suffered big losses and now Kodak is a bad word. The people who run it are still making huge salaries but a lot of the average people who used to be employed by Kodak are unemployed or underemployed and Kodak philanthropy is a thing of the past.