Quote:
Originally posted by Rudey
Of course not. Enron, Worldcom, Healthsouth...the list goes on.
My favorite is when a CEO used the word EBITDAB with me. I know what EBITDA is but evidently EBITDAB is Earnings before interest, taxes, depreciation, amortization and Bob.
-Rudey
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I wasn't clear. I meant it is not unique that it happens in the nonprofit world. Sorry about that.
Another point of clarification. DST's Grand Chapter owns the real estate that houses our HQ--four contiguous addresses in Dupont Circle of DC. Many alumnae chapters own, houses, comunity centers, early childhood education centers, etc. These transactions do not go though HQ.
But I do get your point. $300K of questionable HQ expenses could not be overlooked.