(JTA) — The settlement of a lawsuit focused on control of the San Francisco-area’s $600 million Koret Foundation will result in the founder’s widow and its longtime president leaving the foundation’s board. Under the settlement, Susan Koret, widow of founder Joseph Koret, is retiring from the board immediately. Tad Taube, a foundation trustee for the past 37 years, will…
The longtime president of the Koret Foundation, Tad Taube, is being sued by the widow of foundation founder Joe Koret for treating the institution as his “personal piggy bank.”
Jewish philanthropist Tad Taube will be stepping down this year from his longtime post as president of the Koret Foundation.