Guggenheim $77m Donor Quits
The Guggenheim Museum has lost its biggest benefactor. Citing "differences in direction," It's chairman, Peter B. Lewis, who has gifted it $77 million - nearly four times more as any other board member - has quit.
Mr. Lewis said that he wished the museum would "concentrate more on New York and less on being scattered all over the world." Thomas Krens, the Guggenheim's maverick director's vision is for pushing a global network of Guggenheim museums. New board members will be expected to make up for Mr. Lewis's loss. After 9/11, Guggenheim suffered 60% attendance loss and revenue halved. It dismissed 20% of its staff. Both are now returning to what they had been.
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