On Thursday, the Wounded Warrior Project's board of directors fired its two top executives, following an earlier CBS News investigation into the organization's lavish spending on parties and conferences.
CEO Steven Nardizzi and COO Al Giordano were fired after a meeting in New York, CBS News reports. Their investigation found that the Wounded Warrior Project, which has raised more than $1 billion since 2003, spends 40 to 50 percent of donations on overhead, compared to other veterans charities with overhead costs of 10 to 15 percent.
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