Center change will not affect others
Young Chang
COSTA MESA -- Though an unrelated business dispute between some Orange
County Performing Arts Center board members led two to resign Tuesday,
other boards and groups supported by the same members, including UC
Irvine’s Foundation and the Pacific Symphony Orchestra, will probably not
be affected.
Henry Samueli and Henry T. Nicholas III, co-founders and executives of
Broadcom, officially resigned from the Center’s board after news of a
lawsuit filed by incoming board chairman Thomas T. Tierney and three
other members became public earlier this week.
The Feb. 13 lawsuit, which has nothing to do with the Center, disputes
Broadcom’s sales and earning results and questions the company’s stock
prices.
Center President Jerry Mandel said Samueli and Nicholas will continue
supporting the Center’s expansion and capital campaign, as well as the
Center in general.
“I’ll just miss their advice on the board,” Mandel said of the two
former members. “But their commitment is there.”
The Broadcom founders resigned partly because Tierney is soon to be
the Center’s chairman and chief executive, said Bill Blanning, senior
director of corporate communications at Broadcom.
Tierney is also immediate past-chairman for the UCI Foundation, the
board of trustees on which he still serves with Samueli.
But Blanning said Samueli will continue his service to the foundation
and that the board will “not be affected.”
Members of the UCI Foundation did not return calls Wednesday as they
were en route to an out-of-town meeting. But Susan Menning, assistant
vice chancellor of communications, said the lawsuit action does not
involve UCI.
“We don’t think it’s appropriate to comment at this point,” she said.
Pacific Symphony is also supported by Tierney, Nicholas and Samueli.
Nicholas’ wife, Stacey, serves on the symphony’s board, the Samueli
Foundation supports the symphony’s education programs and the Tierneys
are occasional donors to the organization.
“I don’t anticipate them changing their support of the symphony,” said
symphony President John Forsyte. “This is more about supporting community
activities. It’s not so much about personal business activities.”
Opera Pacific is supported by some of the same members involved in the
Broadcom lawsuit. Nicholas and Samueli are donors, Samueli’s wife, Susan,
serves on the board of directors and the Tierneys are members of the
opera’s Gold Ring Society of Founders.
Opera leaders did not return calls before press time.
Mandel emphasized that the lawsuit involves more than 20 litigants and
that only four serve on the Center’s board. He said he’s not taking sides
in the situation and that he knows the people involved in the suit well.
“They’re really going to do what’s right for the community,” he said.
The Samuelis donated $10 million to the Center’s expansion three years
ago when Nicholas also anonymously gave $3.9 million -- a contribution he
announced Tuesday.
As board members, Samueli and Nicholas were required to give $50,000 a
year. Mandel said the issue of whether they will continue that commitment
has not been discussed.
Other board members suing Broadcom are Robert J. Follman, Benjamin R.
Du and Thomas E. Tucker.
Mandel said he doesn’t fear more resignations on a board of now 49.
“Everyone on our board understands the importance of the Center,” he
said.
* Young Chang writes features. She may be reached at (949) 574-4268 or
by e-mail at o7 young.chang@latimes.comf7 .
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