RR estate trouble
"Three trustees of the Robert Rauschenberg Foundation are suing the artist’s estate for $60 million, reports Patricia Cohen of the New York Times. According to the lawsuit, Bill Goldston, Darryl Pottorf, and Bennet Grutman claim to be entitled to the total sum, which amounts to a $40,000-an-hour wage. In Florida, where the suit was filed, state law vaguely says that trustees are typically entitled to a “reasonable fee”; a lawyer hired by the foundation has filed an affidavit saying a reasonable fee would run close to $250 an hour, according to his calculations of the work involved. The affidavit also states that Pottorf had harrased the foundation’s staff, inundating them with threatening phone calls that, in one week, resulted in more than seventy-five voice mails. To date, the trustees have each paid themselves $5.7 million of the $60 million in fees as well as $3.9 million for work they continue to perform on behalf of the Rauschenberg business."
|
- bill 8-23-2013 3:16 am
"Three trustees of the Robert Rauschenberg Foundation are suing the artist’s estate for $60 million, reports Patricia Cohen of the New York Times. According to the lawsuit, Bill Goldston, Darryl Pottorf, and Bennet Grutman claim to be entitled to the total sum, which amounts to a $40,000-an-hour wage. In Florida, where the suit was filed, state law vaguely says that trustees are typically entitled to a “reasonable fee”; a lawyer hired by the foundation has filed an affidavit saying a reasonable fee would run close to $250 an hour, according to his calculations of the work involved. The affidavit also states that Pottorf had harrased the foundation’s staff, inundating them with threatening phone calls that, in one week, resulted in more than seventy-five voice mails. To date, the trustees have each paid themselves $5.7 million of the $60 million in fees as well as $3.9 million for work they continue to perform on behalf of the Rauschenberg business."
- bill 8-23-2013 3:16 am [add a comment]