Former U.S. Gymnastics Chief Received $1 Million Severance Package

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Former U.S. Gymnastics Chief Received $1 Million Severance Package

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The U.S. gymnastics federation’s embattled chief executive received a severance package of around $1 million when he stepped down in March amid controversy about his handling of a sexual-assault scandal, according to people familiar with the situation.

Steve Penny had led USA Gymnastics since 2005, overseeing a period in which the team enjoyed Olympic glory, only to be engulfed last year by explosive sexual-abuse allegations against…

By | 2017-06-02T11:49:12+00:00 June 2nd, 2017|0 Comments

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