NYC hospital wooed isolated heiress for money

Beth Israel Medical Center let copper heiress Huguette Clark live in a hospital room for 20 years while various officials campaigned her for donation dollars, says the New York Times.

“After Mrs. Clark donated a Manet to Beth Israel, but it sold for less than expected, the chief executive wrote an e-mail joking that Mrs. Clark ‘didn’t take the bait and offer a half dozen more.’

“That note from July 6, 2001, was among scores of hospital documents filed on Wednesday in Manhattan Surrogate’s Court as part of a battle over Mrs. Clark’s $300-million estate with her distant relatives. She died at age 104,” says the report.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.