Tuesday, August 26, 2008

United Way CEO ousted

Posted By on Tue, Aug 26, 2008 at 4:11 PM

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

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