NY Public Library ‘Trades Naming Rights’ to Greedy Hedge Fund Billionaire for Big Bucks

Date: 31 Dec 2008 | posted in: governance, The Public Good | 0 Facebooktwitterredditmail

Recently, the New York Public Library announced it would rename its main library the Stephen A. Schwarzman Library in return for his contribution of $100 million to its $1 billion capital fund drive. As a born and bred New Yorker, I recoiled at the news and the message it sends to future generations of New Yorkers.

The 42nd Street library is by all accounts the jewel in the crown of the New York Public Library system. In both form and function, it honors the word"public." Henry Hope Reed has accurately described the library as "a people’s palace of triumphant glory." … Read More