AT LEAST MADOFF DID SOME GOOD SOMEWHERE. Planned Parenthood is loosing money
I feel bad for all the people that lost money, honest citizens that is. However, this says a whole foundation was closed because of the scheme. Glory to God!
Planned Parenthood makes staff cuts
Funding declines partly attributed to Madoff.
Hit with declines in funding from the economic crisis and the Madoff scandal, the Planned Parenthood Federation of America is laying off around 20% of its staff.
Roughly 30 people were let go earlier this week, according to a source who works for the nonprofit. Executives at Planned Parenthood confirmed the layoffs, but declined to give more details.
“As with many other nonprofit organizations, Planned Parenthood has had to make staff reductions at our headquarters due to the challenging economic times facing our country,” said Maryana Iskander, chief operating officer at the agency. “While taking this action is never easy, we want to ensure the millions of women and men who rely on Planned Parenthood as a health care provider that the reductions will not impact our ability to deliver care to those in need.”
Part of Planned Parenthood’s funding declines stem from the closing of the Florida-based Picower Foundation, which shut down in December because its assets were managed by Bernard Madoff. The $1 billion foundation was one of the few major funders of reproductive rights issues.
http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090109/FREE/901099982/0/information
