September 18, 2008

Controversy Over a $2-Million Pension Package Prompts Departures at Charlotte's United Way

By Eric Frazier

Public outcry over the pension package provided to the chief executive at the United Way of Central Carolinas, in Charlotte, N.C., has led to resignations and raised questions about the group's ability to meet its annual fund-raising goal.

The organization's board had approved a $2-million pension package for its longtime president, Gloria Pace King. But after that information was reported by local news organizations, the board decided to ask Ms. King to resign or be fired, saying the

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