Court of Appeals for the Second Circuit September 2, 1999, Docket Nos. 98-9502, 98-9672 (Aramony v. United Way Replacement Benefit Plan)

SACK, Circuit Judge:

For twenty-two years, William Aramony served as president and chief executive officer of United Way of America, one of the nation’s premier charitable organizations. But in 1992 he was fired amidst a rising tide of allegations that he had engaged in fraud and financial improprieties with respect to United Way funds.