On Thursday, the Wounded Warrior Undertaking’s board of administrators fired its two most sensible executives, following an previous CBS Information investigation into the group’s lavish spending on events and meetings.
CEO Steven Nardizzi and COO Al Giordano have been fired after a gathering in New York, CBS Information studies. Their investigation discovered that the Wounded Warrior Undertaking, which has raised greater than $1 billion since 2003, spends 40 to 50 % of donations on overhead, in comparison to different veterans charities with overhead prices of 10 to 15 %.
CBS Information spoke with greater than 40 former workers who stated the outrageous spending began after Nardizzi took over as CEO in 2009. In 2014, the Wounded Warrior Challenge introduced in $300 million in donations, and spent $26 million simply on worker meetings. At events, the alcohol flowed, the previous workers stated, and at one convention, Nardizzi rode in on a horse and rappelled down the aspect of a construction. “It used to be extraordinarily extravagant,” one stated. “Dinners and alcohol and simply overall extra. I imply, it is what the army calls fraud, waste, and abuse.”
Resources informed CBS Information the board of administrators won the early result of a monetary audit, and they’re mulling over hiring a retired senior army officer to take over management of the group. Catherine Garcia
Supply : theweek