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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Eli Broad

Eli Broad stories: 11 news summaries

 Eli Broad: AIG Can't Recover 

LA billionaire says he has "no hope" for insurer

Mar 10, 09 7:20 AM CDT
(Newser) - Eli Broad, a former director and shareholder of AIG, said yesterday that "it is too late" for the insurance giant to make any recovery. The Los Angeles billionaire told Reuters that the government's initial bailout of AIG came "on the harshest of terms," and that a... More »

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Eli Broad • insurance • AIG • bailout • financial crisis


 Troubled LA Museum 
 Wins $30M Bailout 

MoCA warms to Eli Broad amid reports that director has resigned

Dec 19, 08 7:27 AM CST
(Newser) - LA's troubled Museum of Contemporary Art is moving toward a bailout deal with Eli Broad, reports the Los Angeles Times. The billionaire real estate investor and art collector offered MoCA a $30 million donation contingent on improved performance, which board members favored over a merger with the Los Angeles County... More »

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art museum • contemporary art • Eli Broad • art • museum • Los Angeles • Los Angeles County Museum of Art • bailout • Museum of Contemporary Art, Los Angeles

Crisis-Stricken LA Museum Mulls Merger

MoCA director prepares to resign as bigger museum offers lifeline

Dec 17, 08 8:13 AM CST
(Newser) - The future of LA's troubled Museum of Contemporary Art became somewhat clearer yesterday, as the institution's director began negotiating his resignation and the larger Los Angeles County Museum of Art proposed a merger. Tomorrow the MoCA board will meet to decide the fate of the troubled museum, which has teetered... More »

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art museum • Eli Broad • mergers and acquisitions • Los Angeles • Los Angeles County Museum of Art • financial crisis • Museum of Contemporary Art, Los Angeles

As Museums Struggle,
LA's MOCA Seeks Merger

MoCA holds talks with other institutions as endowment dries up

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 ... More »

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art museum • Eli Broad • art • Los Angeles • University of Southern California • USC • endowment • Los Angeles County Museum of Art • financial crisis • Museum of Contemporary Art, Los Angeles

Broad Donates $400M for Gene Research

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

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... More »

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philanthropy • Eli Broad • Cambridge • human genome • genetic research • endowment • Broad Institute • Edythe Broad

OPINION

 'Saving' Public Schools 
  Not a Money Thing 

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

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... More »

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education • Bill Gates • Eli Broad • Bill and Melinda Gates Foundation • No Child Left Behind • public schools

LA Museum's Extension Has Split Personality

Tug of war between benefactor and director evident

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... More »

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Eli Broad • art • Los Angeles • Los Angeles County Museum of Art • Renzo Piano

Uncertain Art World Awaits Fall Sales

Credit crisis has auctioneers, galleries bracing for bear market

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... More »

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art market • Eli Broad • art • auction • credit crisis • art collector

Goldman Hedge Fund Gets
$3B Infusion

Investors fund bailout after assets evaporate; markets breathe

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... More »

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Eli Broad • Goldman Sachs • subprime mortgages • hedge fund • Hank Greenberg • financial crisis

Geffen, Zell
Talk Deal
For LA Times

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

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... More »

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

Tribune Sold
To Zell

Real estate magnate will take it private; Cubs for sale

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 »

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

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