What did they do with the annual 4 million the government gives them?.
https://www.torontosun.com/2016/01/21/goodwill-board-close-of-shop-and-run
The 11-person board of the now-shuttered Goodwill Industries made their decision last Friday evening to abruptly shut shop — and then promptly ran for cover like cowardly rats deserting a sinking ship.
Despite the fact many of the 11 have been on the board for three or four years and several tout their financial credentials in their lengthy bios, they said in a statement posted on the Goodwill website Wednesday night that the entire board resigned because of “significant business challenges” and the need to “restructure retail store costs.”
Having wiped their hands clean of the entire affair — closing 16 Goodwill stores, 10 donation centres and two offices and leaving 430 people without jobs, their pay or severance — the board turned the whole mess over to CEO Keiko Nakamura to act both as CEO and her own board, as if they had no fiduciary duty whatsoever to protect Goodwill’s assets.
https://www.torontosun.com/2016/01/21/goodwill-board-close-of-shop-and-run
https://www.torontosun.com/2016/01/21/goodwill-board-close-of-shop-and-run
The 11-person board of the now-shuttered Goodwill Industries made their decision last Friday evening to abruptly shut shop — and then promptly ran for cover like cowardly rats deserting a sinking ship.
Despite the fact many of the 11 have been on the board for three or four years and several tout their financial credentials in their lengthy bios, they said in a statement posted on the Goodwill website Wednesday night that the entire board resigned because of “significant business challenges” and the need to “restructure retail store costs.”
Having wiped their hands clean of the entire affair — closing 16 Goodwill stores, 10 donation centres and two offices and leaving 430 people without jobs, their pay or severance — the board turned the whole mess over to CEO Keiko Nakamura to act both as CEO and her own board, as if they had no fiduciary duty whatsoever to protect Goodwill’s assets.
https://www.torontosun.com/2016/01/21/goodwill-board-close-of-shop-and-run
