The Standard - Charities' perks under US scrutiny - World Section: "Charities' perks under US scrutiny
June 24, 2005
Amid attention to excesses at nonprofit organizations, the US Senate Finance Committee chairman has rebuked the board of the J Paul Getty Trust, saying it failed to curb chief executive Barry Munitz's lavish pay, perks and travel.
``Charities shouldn't be funding their executives' gold-plated lifestyles,'' said Senator Charles Grassley. His committee is considering the first major overhaul of laws governing charities in 30 years.
``I'm concerned that the Getty board has been spending more time watching old episodes of Lifestyles of the Rich and Famous than doing its job of protecting Getty's assets for charitable purposes,'' he said."
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