furniture accessories
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Taubman's Sotheby woes
await further court action following indictment.
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Orchard Lake Road
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2001
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21728 W. Eleven Mile,R41--
Harvard Row Mall • Southfield, MI 48076
Hours: Mon-Sat 10-5
352-8622
Rochester Hills
651-5009
,
A. Alfred
Taubman
has steadfastly
denied the
allegations.
33080 Northwestern Hwy.
West Bloomfield
14 Mile Road
wealthiest Americans. In 1999, he made
the list at No. 295 with $820 million.
Taubman is a shopping center mag-
nate
whose Taubman Centers compa-
or A. Alfred Taubman, the
ny
developed
and managed regional
battle is only now beginning.
centers, Great Lakes Crossing in
Earlier this month, the
Auburn Hills, Fairlane in Dearborn
Bloomfield Hills philan-
and Briarwood in Ann Arbor, among
thropist and businessman was indicted
others across the country.
and arraigned on federal charges of
A former Univeristy
price fixing. The
of Michigan student,
charges stem from
Taubman has pledged
Taubman's former
$35.6 million to the
chairmanship of the
school, including $30
New York City-based
million in 1999 to U-
Sotheby's auction
M's School of
house. They allege
Architecture and
that he conspired
Urban Planning,
with his counterpart
which
has been
at the London-based
named
in his honor.
Christie's
Taubman gave $3
International auction
million in 1984 for
house to fix commis-
the A. Alfred
sion rates charged to
Taubman Health
sellers in the U.S. and
Center at the U-M
abroad from 1993 to
Medical Center, and
1999.
in 1978, pledged
Taubman, who
$700,000 for the
pleaded not guilty at
Taubman Medical
his arraignment May
Library at the med-
4, has steadfastly
ical center.
denied the allega-
He is also the
tions.
donor of the
Taubman's indict-
Taubman Center for
ment May 2 culmi-
Public Policy and
nated a more than
American Institutions
two-year investigation
at Brown University
into the business prac-
in Providence, R.I.
tices of the auction
Taubman is a gen-
A. Alfred Taubman
houses. Both have set-
erous giver to the
tled class--action law-
Jewish Federation of
suits against them.
Metropolitan Detroit's
Last September,
Annual Campaign (formerly the Allied
Taubman agreed to pay $156 million
Jewish Campaign). In appreciation of
as part of Sotheby's $256 million por-
his gifts to the Detroit Jewish commu-
tion of a $512 million civil settlement.
nity, Federation honored him two years
Taubman also agreed to pay $30
ago by naming the Oak Park campus
million on behalf of Sotheby's to
— where the JCC, three communal
resolve a lawsuit by shareholders.
senior citizen apartment buildings and
Taubman stepped down as chairman
the new mikvah are located — as the
of the firm although he is still the
A.
Alfred Taubman Jewish Community
majority owner.
Campus.
If convicted, Taubman, who is 75,
In addition, there is a Taubman-
faces a maximum of three years in
Fisher Memorial Park in Jerusalem
prison plus a substantial fine.
named after both Taubman and
Taubman's wealth was estimated at
Franklin philanthropist Max Fisher.
$720 million by Forbes magazine in
Taubman is also a major supporter
2000, $5 million under the cut-off to
of
the Detroit Institute of Arts. El
make the magazine's list of the 400
ALAN ABRAMS
Special to the Jewish News