Wounded Warrior fires execs over spending accusations
FOXNEWS.COM - The two top executives of the Wounded Warrior Project — among the largest veterans charities in the country — were fired Thursday after an investigation into accusations of lavish spending on parties, hotel and travel, according to a statement released on behalf of the embattled organization.
Wounded Warrior Project's CEO, Steven Nardizzi, and COO, Al Giordano, were fired by the charity's board amid criticisms about how it spent more than $800 million in donations over the last four years. The development was confirmed by Abernathy MacGregor, a public relations firm hired to represent the veterans charity.
“To best effectuate these changes and help restore trust in the organization among all of the constituencies WWP serves, the Board determined the organization would benefit from new leadership, and WWP CEO Steve Nardizzi and COO Al Giordano are no longer with the organization,” the statement said.
The statement also said a preliminary financial audit 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.”