No-one expects to see the chairman tomorrow (Weds) at the fund-raising gala that opens the 2015-16 season.
Ronald Perelman has announced he will resign as chairman (though without specifying a date) after failing to get the board to suspend Clive Gillinson, the artistic and executive director.
Gillinson’s exercise of authority is said to be ‘under internal review’ after Perelman’s complaints.
The conflict, in the thick of a $125 million cash campaign, is not over yet.
To restore confidence, the board needs to name a new chairman who can match Perelman’s missing bucks. Fast.