Former CEO: Barnes Foundation Wasn’t Bankrupt Before Move To Parkway
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By Steve Tawa
PHILADELPHIA (CBS) – The Friends of the Barnes, the group that did not want to see the Barnes Foundation relocated from Merion to Museum Row, is furious that the former CEO of the institution now claims it wasn’t broke. The anti-move group has filed an appeal in Superior Court.
Kimberly Camp, the President and CEO of the Barnes Foundation from 1998 until 2005, writes in a blog, “Bankruptcy was not the reason we filed to move. The Foundation had a cash surplus and we had no debt, none.”
Lawyer Sam Stretton, representing those who were opposed to the move, says that is shocking, because the Foundation’s financial difficulties were at the core of the case.
“Now reading her blog, which apparently is a precursor to a book she is writing on the whole subject, she is saying something entirely the opposite.”
“And further, she says they decided to use that concept because it seemed so gallant to seem like they were doing a rescue.”
Stretton acknowledges it may be late in the game, with the Barnes open on the Parkway, but Judge Stanley Ott, who presided over the case, should “sort this out.”