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FYI-  more on the Gugg.

From: "Joseph C. Holub" <[log in to unmask]>
Sent: Thursday, February 13, 2003 3:33 PM
Subject: [Fwd: Article on Krens and Guggenheim finances]


> A fly in the Guggenheim ointment. A friend informs me that some
> Brazilian museum professionals have criticized the proposed agreement,
> arguing that Rio is being conned into bailing out a U.S. institution.
> Perhaps, our Brazilian correspondents have seen more on this issue. I
> doubt the Lula government would approve of using public funds for such a
> purpose. The online Wall St Journal piece tells of the Guggenheim's
> current financial troubles and how selling the "brand" to Rio can recoup
> some of its deficit. There is a link below, but I have also copied the
> text for those who can not open it.
>
   This is the article that says that Rio will be paying twice as much as
> > Bilbao for the "brand" -- I wonder if Rio managed to negotiate a
better
> > deal.
> >
> >  http://www.opinionjournal.com/la/?id=110002748
> >

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