TOUGH TIMES

06.23.13

Girl Scouts Hit by Financial Trouble

Thanks to a $347 million pension deficit.

It's going to take a lot of cookies to dig out of a $347 million pension deficit. Thanks to a declining membership base and a host of other problems, the Girl Scouts have been losing money to the point where layoffs are expected in August. Several employees have already been ousted since Anna Maria Chavez became CEO in 2011, and many more were just offered early retirement. The organization is also facing a lack of volunteers and congressional scrutiny of plans to sell several summer camps.