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Unfortunately, the boards of art institutions tend to be populated with well-meaning supporters of the arts who often lack any business background or appetite for imposing appropriate discipline.

Eli Broad

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Eli Broad
Age: 87 †
Born: 1933
Born: June 6
Died: 2021
Died: April 30
Art Collector
Business Person
Financier
The Bronx
New York City
Business
Appropriate
Supporters
Art
Arts
Imposing
Wells
Lack
Supporter
Well
Tend
Boards
Institutions
Appetite
Discipline
Background
Meaning
Unfortunately
Often
Backgrounds
Populated

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If people want to criticize me because it sells papers, that's fine. I just don't like it when it's inaccurate.
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School boards are, for the most part ,made up of political wannabes who see a board seat as a stepping stone for political office, or well-meaning parents who represent an ethnic group or geography, or have some other narrow interests. Few people on them understand what governance is about.
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Any city in America would like to get a museum built if they didn't have to pay for it.
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Charity is just writing checks and not being engaged. Philanthropy, to me, is being engaged, not only with your resources but getting people and yourself really involved and doing things that haven't been done before.
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Contemporary art challenges us.. it broadens our horizons. It asks us to think beyond the limits of conventional wisdom.
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At a time when all the other builders were selling homes with basements but without carports, we would sell homes without basements and with carports. This allowed us to provide a more appealing product at a lower price. In other words, we felt we would be giving customers greater value.
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There is no substitute for knowledge. To this day, I read three newspapers a day. It is impossible to read a paper without being exposed to ideas. And ideas - more than money - are the real currency for success.
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People don't know I've got a deep social conscience. I'm a child of the Depression, born in 1933. My parents were very liberal in their social views.
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I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.
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School district policies and practices have not kept pace with student and teacher needs.
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I believe that a newspaper is a great civic asset and that ownership is best in the hands of foundations or wealthy families that want to own it for reasons other than maximizing profits. I also believe newspapers should remain in local hands.
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If you have poor management that's not doing the right job, you end up with unions filling the void and... page after page of work rules and thicker and thicker contracts.
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Managers are responsible for setting workplace policies under which teachers can succeed. Managers are responsible for negotiating contracts that create the conditions under which teachers can succeed.
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The inability to delegate is one of the biggest problems I see with managers at all levels.
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You can have great teachers, but if you don't have a good principal, you won't have a good school.
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Oprah Winfrey's global influence is unparalleled. Not only has her generosity and firm belief that education is the key to a better life benefited countless women and children around the world, but her example has also inspired millions of people to give back in ways big and small.
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I don't see myself as a great discoverer of artists, like Charles Saatchi.
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Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.
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For businesses to be successful, they need to constantly ask the question: how can we provide value to our customers? At the end of the day, that is what matters.
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The best move you can make in negotiation is to think of an incentive the other person hasn't even thought of - and then meet it.
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