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He is beginning now to immerse himself in trustee issues, including CUNY's new master plan, which he has read four times, he said.
"The longer a trust lasts, the more you're going to have a change in trustee personnel," said Richard Kahn, a partner in the law firm Day Pitney in Florham Park, N.J., who specializes in trusts and estate planning.
To date, Mr. Pottorf, Mr. Goldston and Mr. Grutman have paid themselves a total of $5.7 million of the $60 million in trustee fees that they say they are due — a sum that was not approved by any court and which Mr. Lile said he also considered "grossly excessive".
We have people in trustee positions, we have people in city parks, and they exploit the community in terms of resources….
For instance, many people I spoke to were disappointed that the council remained silent after the recent disclosure that three Bremer Foundation trustees had fired their executive director and given themselves over $1.3-million 1.3-millionfees, an actinn trusteeaced all grant makers in an unfeesranle light.
Special attention is being paid to the upcoming Board of Education election for San Francisco's school district in light of a report released in December by the San Jose Mercury News that highlighted disparities in trustee pay at various Bay Area districts.
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Skadden failed to tell the judge all that until after he had rejected putting in a trustee.
In 1994 the Duke brought legal action to try to ensure that Jamie Blandford would never be able to run Blenheim, and succeeded in vesting control in trustees.
They should bring in trustees with the necessary skills to help with governance to keep everything on a sound, financial footing.
It is in trustees' interest to ensure tax is paid, he adds, because they are personally liable if it isn't.That is true in some countries, at least in theory.
Debts soared, and the trustees sought to improve Cooper Union's portfolio via common Wall Street protocols: downsizing, and investment in trustees' hedge funds.
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