Management and 2007 Embezzlement Incident
According to a report issued in 2007 by the Basque Court of Auditors, the museum paid more than US$27 million for the acquisition of art between 2002 and 2005, including Serra's 'The Matter of Time' for the cavernous ground-floor gallery. After another audit in 2008 revealed that money was missing from accounts, the Foundation said that it filed a case against the director, Roberto Cearsolo Barrenetxea, "for financial and accounting irregularities", asserting that he had admitted diverting money from two companies that manage the Guggenheim Bilbao building and its art collection to his own account since 1998.
Read more about this topic: Guggenheim Museum Bilbao
Famous quotes containing the words management and/or incident:
“No officer should be required or permitted to take part in the management of political organizations, caucuses, conventions, or election campaigns. Their right to vote and to express their views on public questions, either orally or through the press, is not denied, provided it does not interfere with the discharge of their official duties. No assessment for political purposes on officers or subordinates should be allowed.”
—Rutherford Birchard Hayes (1822–1893)
““It is of the highest importance in the art of detection to be able to recognise out of a number of facts which are incidental and which are vital.... I would call your attention to the curious incident of the dog in the night-time.”
“The dog did nothing in the night-time.”
“That was the curious incident.””
—Sir Arthur Conan Doyle (1859–1930)