THIS STILL STINKS, UNITED WAY CEO OF CENTRAL CAROLINA

Posted on August 27, 2008. Filed under: Fundraising, Leadership, Non-profits |

This still stinks, why doesn’t the United Way ever learn how to properly fire someone?

I couldn’t believe this when I read it, so here’s the article so you can see for yourself:

United Way CEO ousted
August 26th, 2008 by Karen Shugart in News

Ousted United Way of Central Carolinas CEO Gloria Pace King will continue to receive her $290,000 annual salary for two-and-one-third years unless the agency can find her private sector unemployment.
The agency’s executive board voted unanimously this morning to ask chief executive officer Gloria Pace King for her resignation. Thirty-seven of 63 board members were at the morning meeting. She has until Sept. 30 to resign or be fired.
Board chairman Graham Denton at a noon news conference acknowledged King’s compensation — about $1.2 million in salary, bonus and benefits last year — was “out of step” with community expectations.
“It was a culmination of breakdowns at a number of different levels,” Denton said.
Denton said he was not aware of any large local employers threatening to withdraw from the annual workplace giving campaign unless the board took action.
Lord knows how this will shake out. The agency’s annual giving campaign is just gearing up. Clearly the forced resignation is meant to mollify pissed-off donors, but how can you do that if you’re still paying King a six-figure salary? Most United Way donors would be thrilled to get paid that kind of dough to leave their jobs

FROM CFC Treasures:

Questions for the Board:

Since when is a board required to be a guaranteed job placement organization for a fired CEO?

Re-read the sentence, “King will continue to receive her $290,000 annual salary for two and 1/3 years unless the agency can find her private sector unemployment.” I presume they meant “employment” but the main point is so what is her incentive to look for a job? SHE WILL GET MORE THAN ONE HALF A MILLION DOLLARS BY DOING NOTHING. $290,000 TIMES 2.3 EQUALS $667,000!

UNITED WAY STRIKES AGAIN.

Bill Huddleston
http://www.cfcfundraising.com

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2 Responses to “THIS STILL STINKS, UNITED WAY CEO OF CENTRAL CAROLINA”

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I feel that Ms. king is the victim, CEO’s of major corporations, make million and millions of dollars.

Recently, Alltel fired their CEO of only nine months and paid that person 27 million dollars.

290, 000.00 a year is a lot of money to me and most others but when compared to salary of CEO’S of other corporations it is peanuts.

Ms. King should not have lost her job just because the public became aware of her salary.

The board members agreed to her salary. They signed the contract to give her any and all benefits.

Ms. King is victim of discrimination. I beleive that had she not been a woman and black. The public would not made it a big priority.

Also it is not fair because the salaries of other CEO’s working for charities organizations where not mentioned.

She is first one in the study. So no one actually knows the results of other non profit organizations.

How does this not violate private benefit clauses?

http://www.charitynetusa.com/501c3.html


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