As New York rental aid program ran dry, contractor boasted of '38 percent margins'
In leaked video, CEO of Guidehouse touted earnings on $115 million contract as the program was running out of funds.
By Jonathan O'Connell
Today at 5:00 a.m. EST
The chief executive of the consulting firm running New York’s emergency rental assistance program told employees the company made “38 percent margins” on its contract with the state, triggering alarm among state officials, who called the chief executive statement’s “beyond troubling.”
Scott McIntyre, chief executive of Guidehouse, congratulated employees in a November presentation on doing a strong job of running the program and touted that the firm had earned $115 million in fees over six months, according to a video of the presentation obtained by The Washington Post.
https://www.washingtonpost.com/business/2022/01/25/guidehous-ceo-newyork-evictions/
( The greed is good crowd in top form. )
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