Wall Street Journal: Central Library Plan an Example of “Crisis in Non-Profit Governance”

The Wall Street Journal is not happy.  Their Arts Editor blasts NYPL’s Central Library Plan as one of five cases where boards have disastrously undermined the institutions they are  supposed to protect:

Indeed the untold story of our time is the emerging crisis in nonprofit governance, where boards embark on policies that go against—and even imperil—the mission of the institution they are charged to oversee and protect…

The New York Public Library wants to gut its magnificent Beaux Arts building on Fifth Avenue and change it from a research institution to, as Ada Louise Huxtable wrote in this newspaper, ‘a state-of-the-art, socially interactive, computer-centered’ circulating library, with fewer books, a good number of them moved off-site.

Read the entire article here.