Velma Hart CFO Exhausted And Fired,Who Watches The Bottom Line When The CFO Is Gone?

Nobody is safe.

Velma Hart, who burst onto the media scene after telling President Obama she was scared about her financial future, has been laid off. Hart was let go as the chief financial officer for Am Vets, a nonprofit Maryland-based veteran services organization.

“It’s not anything she did,” said Jim King, the national executive director of Am Vets. “She got bit by the same snake that has bit a lot of people. It was a move to cut our bottom line. Most not-for-profits are seeing their money pinched.”King would not say whether the organization had had other layoffs.

“Velma was a good employee,” he said. “It was just a matter of looking at the bottom line and where could we make the best cuts and survive.”

Hart’s comments to Obama became political fodder as proof that the president was losing his die-hard supporters – African American voters. Hart told me at the time that she still supported Obama but that she had expected more changes by now.

She said what really disappointed her is that the change and better economic conditions Obama promised haven’t come fast enough.

Velma Hart is exhausted and fired. Who watches the bottom line if the CFO gets laid off.  Change she didn’t see coming……..

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2 Responses to “Velma Hart CFO Exhausted And Fired,Who Watches The Bottom Line When The CFO Is Gone?”

  1. missdisplaced Says:

    Well, what I can say from previous experience with many companies is this: When the Accountants Go, the Company is Sure to Follow.

    In other words: Something is rotten in Am Vets. They will be bankrupt in a year.

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