Lugo, Denise
June 2003
Investment Dealers' Digest;6/9/2003, Vol. 69 Issue 23, p4
Trade Publication
Citigroup Inc. chairman Sandy Weill and New York State Attorney General Eliot Spitzer are expected to encounter each other at the orchestra to be held in New York City in 2003. The New York Philharmonic, performing at the Lincoln Center as of June 2003, is seeking to be held at Carnegie Hall, which is chaired by Weill. Because both institutions are nonprofit, any merger between the two must first be reviewed by Spitzer, who will pass his recommendation on to the New York State Supreme Court. Spitzer's office would need to review how both institutions plan to combine their endowments — together worth $350 million — and how they will raise money, separately or as one entity. Another major issue will be the status of the Philharmonic's valuable archives of recordings by master musicians.


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