Financier Ronald O. Perelman has resigned as chairman of the board of trustees at New York’s Carnegie Hall, accusing the venue’s executive director, British manager Clive Gillinson of improprieties and a lack of transparency in financial matters. Among the issues is also the Warner Music Prize, a new award for young musicians with a $100,000 cash prize, a record deal and a performance at the concert hall. That concert has now been postponed, and organizers said, they will get a different venue. The loss of Perelman could also mean a loss of cash for Carnegie Hall, since the financier has already donated lots of money to the hall.

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