Tuesday, November 23, 2021
Tuesday, November 23, 2021

    CEO collected more than $1 MILLION in salary a year and steered millions of dollars in business to other companies he controlled

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    New York City has cut ties with one of the biggest homeless shelter operators in the city after it was revealed that the CEO collected more than $1million a year in salary while steering millions of dollars in business to other for-profit companies he headed, Your Content has learned

    CORE’s CEO Jack A Brown III, 53, after it was revealed that he redirected six-figure funds from his non-profit to three for-profit companies.

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    Brown has been ordered to pay the city back more than $2.3m for CORE’s ‘excessive executive salaries,’ but the organization refused.

    CORE received more than $352m in funding to operate 15 shelters and hotels around NY, including Beach House, which serves 160 homeless adult families.

    Brown also doled out high-paying jobs to at least five family members – including his mother, brother, aunt and niece – and gave them gym memberships and cars.

    In a statement to The New York Times, CORE denied any wrongdoing by Brown,’ according to The Daily Mail.

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