Disgusting!
ROTTEN 03.11.16 12:17 AM ET
Wounded Warrior Project Spent $250,000 on Candy and Even More on Gimmicks
Shocking new details on lavish spending by the veterans charity that led to the CEO and COO’s firing after years of controversy.
The Wounded Warrior Project’s board of directors fired the charity’s chief executive officer and chief operating officer Thursday following years of scandal and suspect management.
Chief Executive Officer Steven Nardizzi and Chief Operating Officer Al Giordano were fired Thursday, CBS News first reported.
The board of directors has hired external legal counsel and forensic accountants to provide an independent review of allegations in the media, the organization said in a Thursday press release. "The review also found that some policies, procedures and controls at WWP have not kept pace with the organization's rapid growth in recent years and are in need of strengthening," the charity acknowledged.
The massive charity spent lavishly on snacks, company retreats, and more, whistleblowers told The Daily Beast. The charity had a quarter-million-dollar annual budget for candy and soda, and spent untold sums on staff field trips and elaborately produced music videos promoting executives.
The Wounded Warrior Project raised more than $340 million in 2014, making it one of the largest veterans’ charities in America. Its ubiquitous television commercials and product placement made it a household name, leading many Americans to donate to the group, thinking the vast majority of their contributions would go toward helping veterans.
Instead, less than 60 percent of the charity’s funds went directly to veterans’ programs (top-rated charities routinely spend more than 90 percent on programming). Meanwhile, Nardizzi collected an annual salary of more than $470,000.
more:
http://www.thedailybeast.com/articles/2016/03/11/wounded-warrior-project-spent-250-000-on-candy-and-even-more-on-gimmicks.html?via=newsletter&source=DDMorning
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