Controversy
In 2002, the Art Institute of Chicago filed suit alleging fraud by a small Dallas firm called Integral Investment Management, along with related parties. The museum, which put $43m of its endowment into funds run by the defendants, claimed that it faced losses of up to 90% on the investments after they soured.
Read more about this topic: Art Institute Of Chicago, Management
Famous quotes containing the word controversy:
“Ours was a highly activist administration, with a lot of controversy involved ... but I’m not sure that it would be inconsistent with my own political nature to do it differently if I had it to do all over again.”
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