Billionaire Ronald O. Perelman who became chairman of Carnegie Hall in February, announced he will step down next month, because he had been frustrated that they had been slow to investigate his concerns about the governance of the hall.
Mr. Perelman, 72, announced his decision Thursday at a meeting of the board’s executive committee, according to media reports.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
He opened the meeting by saying that he was frustrated in the role he’s held and wouldn’t stand for re-election next month.
Mr. Perelman had accused Carnegie’s executive and artistic director, Clive Gillinson, of a “troubling lack of transparency” and had criticized the board for failing to provide “appropriate oversight.” But board members, many of whom apparently supported Mr. Gillinson, delayed appointing a lawyer to investigate Mr. Perelman’s concerns.
The committee said that it hired Howard E. Heiss of O’Melveny & Myers LLP to lead the investigation into allegations Mr. Perelman made in a Sept. 16 letter that the concert hall wasn’t transparent about its finances. Mr. Perelman questioned the handling of related-party transactions by Clive Gillinson, Carnegie Hall’s executive and artistic director, said Bloomberg.