April 15, 2012

$1-Million Settlement in 'Three Cups’ Scandal Offers Warning to Boards

By Ben Gose

A state regulator’s settlement this month with the charity co-founded by Greg Mortenson, author of Three Cups of Tea, drives home the importance of maintaining an independent board that can stand up to charismatic leaders, experts say.

Montana’s attorney general ordered Mr. Mortenson to pay a $1-million reimbursement to the Central Asia Institute, a Bozeman, Mont., group that builds schools and promotes education in Pakistan and Afghanistan. It came under scrutiny