Thursday, June 23, 2005

Senator Rebukes Getty

Senator Rebukes Getty: "Senator Rebukes Getty
Finance panel chief says the trust hasn't curbed CEO Barry Munitz's lavish expenses.

By Jason Felch and Robin Fields, Times Staff Writers


Amid national attention to excesses at nonprofits, the chairman of the Senate Finance Committee has rebuked the board of the J. Paul Getty Trust, saying it has failed to curb Chief Executive Barry Munitz's lavish pay, perks and travel.

'Charities shouldn't be funding their executives' gold-plated lifestyles,' Sen. Charles E. Grassley (R-Iowa) said this week in a statement to The Times. His committee is considering the first major overhaul of laws governing nonprofit organizations in 30 years."

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