Wednesday, October 28, 2009

Here's the Rub

Lee Rosenbaum asks former Cleveland Museum director Timothy Rub about the decision to use (with court permission) certain acquisition-specific funds to help complete the museum's expansion project. He says:

"There are legal means that have been in place for a long time to ask courts to determine whether or not funds that have been contributed for one purpose can be utilized ... for another purpose. There are legal mechanisms and a significant body of law that leads to this.

"Secondly, I should say that the board of the Cleveland Museum of Art is a tremendously responsible and resourceful group of people who are fiduciaries for the institution. And it's their responsibility to make thoughtful and prudent fiscal decisions on behalf of the institution. I think the trustees discharged their responsibilities extremely well. I really do."