Monday, October 25, 2004

National Benevolent's Cindy Dougherty has strong board support despite turmoil - 2004-10-25 - St. Louis Business Journal

National Benevolent's Cindy Dougherty has strong board support despite turmoil - 2004-10-25 - St. Louis Business Journal: "National Benevolent's Cindy Dougherty has strong board support despite turmoil
Patrick L. Thimangu
With no experience in nonprofit management, Cindy Dougherty was placed at the helm of the National Benevolent Association in 1997.

In the more than seven years that Dougherty has held the reins, National Benevolent has had its bonds downgraded to junk status, defaulted on portions of its debt, faced a lawsuit from its creditors and filed for bankruptcy protection after racking up more than $220 million in debt"

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