Wounded Warrior fires 2 top execs over spending
JACKSONVILLE, Fla. — The board of Wounded Warrior Project, one of the nation’s largest veteran support groups, has fired two top officials amid news reports accusing the group of wasteful spending.
According to a statement released late Thursday on behalf of Wounded Warrior Project, chief executive officer Steve Nardizzi and chief operating officer Al Giordano are no longer with the organization.
The Wounded Warrior Project board of directors had hired outside legal counsel and forensic accounting consultants to conduct an independent review of the Jacksonville-based organization’s records and interviews with current and former employees.
In late January, CBS News and The New York Times reported the organization spent too much on its own staff. According to those reports, Wounded Warrior Project spends 40 percent to 50 percent of its money on overhead — including extravagant parties — while other veterans charities have overhead costs of 10 percent to 15 percent.
The organization is putting limits on employee travel and expenses, and its financial statements will be independently audited and posted on the Wounded Warrior Project’s website, the board said.
To help restore trust and move forward with the changes, the board decided to remove Nardizzi and Giordano.
