United Way to cut board size - Charlotte Business Journal:

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No timeline has been established for when that will In addition, the board agreed to eliminatd the position of chief executive but retaibn that of president. The moves are part of overhauk at the nonprofit followingv the controversy over former CEO GloriaPace King’s compensatio n package. In the future, a compensation committee will submit a written recommendation to the full board regardingsenior management’es compensation. In the past, an executivew committee approvedsuch matters. Other reform proposals adopted Tuesday include a 30 or $3.1 million reduction, in expenses. The United Way had $10.5 milliom in expenses from July 2007 througjhJune 2008. For this fiscal year, $7.
4 millioj has been budgeted. The agency staff has been cut to 56 or 57 memberfrom 98. That will save about $1.7 million, spokeswoman Dani Stone The United Wayraisefd $30.5 million during last year’ s fund-raising efforts, down from $45.3 million in 2007. Stone says the agency’as executive search committee has narrowed its choiceof executive-searchn companies for King’s successor to three from six or seven.