April 10, 2013
Los Angeles Times
Ex-KB Homes CEO Bruce Karatz, investor Stanley Gold and collector Orna Amir Wolens join trustees.
By Mike Boehm and David Ng
Los Angeles' Museum of Contemporary Art has appointed three new trustees, including Bruce Karatz, the former chief executive of KB Homes who was convicted three years ago on four felony counts of failing to disclose the backdating of stock options.
Also joining the board are prominent investor Stanley Gold and Beverly Hills attorney and art collector Orna Amir Wolens, who has been a member of the Hammer Museum's Hammer Circle support group.
MOCA's announcement Wednesday that Karatz, Gold and Wolens had been elected to the board follows museum leaders' recent decision to remain independent rather than accept an offer from the Los Angeles County Museum of Art to absorb MOCA. Instead, MOCA announced two weeks ago that it was stepping up its own fundraising efforts, with a goal of amassing a $100-million endowment.
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