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December 2, 2008 4:57:53 AM CST

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Eli Broad

Eli Broad news stories

8 Stories

As Museums Struggle,
LA's MOCA Seeks Merger

MoCA holds talks with other institutions as endowment dries up

New York Times New York Times Nov 21, 08 7:36 AM CST
(Newser) - The Museum of Contemporary Art in Los Angeles, one of the nation's leading modern art galleries, is holding talks with other LA institutions about a possible merger. MoCA has already announced a 10% cut in staff and the temporary closure of 50% of its exhibition space. For the New York Times , the talks highlight the dire straits of nonprofit institutions in the financial crisis: endowments are shrinking while donations have become smaller and scarcer. More »

Broad Donates $400M for Gene Research

Record gift helps Harvard/MIT venture
get to root of disease

Boston Globe Boston Globe Sep 4, 08 3:08 PM CDT
(Newser) - Eli and Edythe Broad plan to donate $400 million more to the Massachusetts foundation they started 4 years ago to research the genetic causes of disease, the Boston Globe reports. “It's the biggest investment we've ever made,” said Broad, whose gift to the joint Harvard/MIT venture is the largest donation ever to a US academic concern for such work. “We think the returns are just great from what we've seen so far.” More »

More about:  philanthropy • genetic research • endowment • human genome • Eli Broad • Cambridge

OPINION

 'Saving' Public Schools 
  Not a Money Thing 

Better education can't be legislated, or bought—parents have to make the effort

Good Magazine Aug 21, 08 4:29 PM CDT
(Newser) - As dissatisfaction with the nation’s No Child Left Behind policy grows, it seems educators, politicians, and businessmen all have their own take on how to “save” the US public school system—with little consensus. Gary Stager, in Good , examines the overwhelmingly complex difficulties facing the nation’s ailing schools, and why responsibility—and a solution—lies with parents, not polemicists. More »

LA Museum's Extension Has Split Personality

Tug of war between benefactor and director evident

Los Angeles Times Los Angeles Times Feb 7, 08 1:00 PM CST
(Newser) - Critics are assessing Los Angeles's newest art institution, the Broad Contemporary Art Museum, housed in a building by Renzo Piano on the campus of the Los Angeles County Museum of Art. It's a strange mix of public and private: The new building—to open Feb. 16—was funded by billionaire benefactor Eli Broad and integrated with LACMA before Broad announced that his collection won't be permanently housed there, after all. More »

More about:  Los Angeles • Eli Broad • Renzo Piano • Los Angeles County Museum of Art

Uncertain Art World Awaits Fall Sales

Credit crisis has auctioneers, galleries bracing for bear market

New York Times New York Times Aug 29, 07 10:47 AM CDT
(Newser) - As the art world returns from its summer hiatus, dealers, auctioneers, and collectors are on edge about a possible downturn in the market, the Times reports. Fallout from the global credit crunch has led to speculation that astronomical prices for art, particularly in the contemporary sector, may be heading for a correction. More »

More about:  credit crisis • art • auction • art market • art collector • Eli Broad

Goldman Hedge Fund Gets
$3B Infusion

Investors fund bailout after assets evaporate; markets breathe

Bloomberg Bloomberg Aug 13, 07 11:38 AM CDT
(Newser) - A struggling Goldman Sachs hedge fund will get a $3 billion cash infusion, with a third of the bail-out coming from wealthy investors and the rest from the bank itself. Global Equity Opportunities Fund has seen assets drop by 28%, to $3.6 billion, over the last two weeks, as chaos in the financial markets undermined its computer-driven investment formulas, Bloomberg reported. More »

More about:  Financial Crisis • subprime mortgages • Goldman Sachs • hedge fund • Hank Greenberg • Eli Broad

Geffen, Zell
Talk Deal
For LA Times

Geffen wants it; Zell has $13 billion in debt to pay down

Washington Post Washington Post Apr 5, 07 3:13 PM CDT
(Newser) - David Geffen wants to get his hands on the LA Times, and he's optimistic that he may yet succeed after talking to Sam Zell, the feisty real estate mogul who bought the Tribune Company Monday. The two discussed both a spin-off and a joint venture partnership, sources close to the negotiations told the Post. More »

More about:  Los Angeles • Chicago • media • newspaper • news • Tribune Company • Sam Zell • Los Angeles Times • Ron Burkle • Eli Broad • David Geffen

Tribune Sold
To Zell

Real estate magnate will take it private; Cubs for sale

Chicago Tribune Chicago Tribune Apr 2, 07 9:45 AM CDT
(Newser) - Chicago real estate magnate Sam Zell won a last-minute bidding  war to buy the Tribune Compay with a $34-a-share offer, reports the Chicago Tribune. Zell will take the media conglomerate private in a deal that includes an employee stock ownership plan. The Cubs will be sold separately. More »

More about:  Chicago • media • Chicago Cubs • newspaper • Tribune Company • Sam Zell • Ron Burkle • Eli Broad

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