FEGS Exec Rebrands Himself after $200 Million Charity Demise

While failing at business is part and parcel of entrepreneurism, how about when that failure helps bring down an enormous social service agency serving vulnerable populations? A month after FEGS Executive VP Ira Machowsky left with a six-figure severance package, the organization collapsed amid millions in debt. Now he offers services as an executive recruiter for nonprofits.