Monday, September 1, 2014
 

Board Member Disputes Hit Twombly Foundation

According to the NY Times,

Two of the board members — Nicola del Roscio, the foundation’s president, and Julie Sylvester, a museum curator — believe that the foundation’s treasurer, Thomas Saliba, has been paying himself unauthorized fees with the knowledge of Ralph Lerner, a lawyer who is also a board member.

A Delaware judge has been asked to settle the feud between the four-member board. The Cy Twombly Foundation is reportedly worth $1.2 billion.

 

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