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NYCB will obtain direct control over an endowment fund.


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#1 mussel

mussel

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Posted 04 May 2001 - 10:04 PM

As a result of investigation by NY Attorney General office, direct control over a vast endowment fund will be transferred to its 17 beneficiaries. NYCB, as a Lincoln Center constituent, will entitle $65 millions; NYCO $59 millions, the Met $92 millions. The largest single sum, $424 millions, will go to the other Met. Here's the article:
[url="http://"http://www.nytimes.com/2001/05/04/nyregion/04WALL.html"]http://www.nytimes.com/2001/05/04/nyregion/04WALL.html[/url]

[ 05-04-2001: Message edited by: mussel ]


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