Elaine Chao, the U.S. Secretary of Transportation, used my conference room today while waiting for a meeting to start down the hall. She was in town to discuss transportation issues with Congressman Chabot and representatives from Uber, Red Bike, and the Chamber of Commerce among others. She and her staff were incredibly gracious.
Thursday, September 20, 2018
Robert Indiana, the artist known for the iconic pop art image, LOVE, died in May at the age of 89. Mr. Indiana had moved to an island off the coast of Maine in 1978 where he continued to generate highly derivative images of his most famous piece, including HOPE for President Obama’s 2008 campaign.
For the last five years of his life, Mr. Indiana paid a caretaker $250K annually to assist him. He also gave the caretaker power of attorney. The caretaker withdrew over $600K from Mr. Indiana’s bank accounts supposedly at his direction.
The estate is supposed to turn Mr. Indiana’s dilapidated house into a museum to display his works. The estate is now embroiled in litigation over the withdrawn cash and whether Mr. Indiana was actually producing new art at the time of his death.
A few points:
1. Situations involving wealthy elderly individuals with no close family are always difficult because there is so much potential for financial exploitation.
2. Sometimes the caretaker is the best person to serve as attorney in fact if there are no relatives and the individual has outlived all of his friends.
3. Still, $600K of withdrawals for an individual living on an island off the coast of Maine with no place to spend the money seems excessive.
4. The last thing our country needs is another remotely situated vanity based museum dedicated to an artist of modest reknown.
5. AC/DC apparently copied Mr. Indiana’s playbook of recycling/copying prior work to earn great wealth.
Photo Credit: Johnsonville Sausage
License: Fair Use/Education (from linked article)
Monday, September 10, 2018
I subbed for the Cincinnati Enquirer's Paul Daugherty's The Morning Line blog on Friday. I covered some moves by the Bengals, the UC-Miami game this weekend, and the Reds futility. I also commented on the shootings on Fountain Square last Thursday. I hope you enjoy it.