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President of Wharton Estate Resigns

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From: AP Online
Date: 20080331
Author:MARK PRATT

The president and chief executive of the financially troubled estate of author Edith Wharton has stepped down rather than assume a different position in a restructured management hierarchy, trustees announced Sunday.

The five-member board of trustees at The Mount in Lenox said in a statement that they have accepted the resignation of Stephanie Copeland "with regret."

The organization that owns the estate, Edith Wharton Restoration, has borrowed $4.3 million for operating costs, but in January missed a $30,000 payment, prompting a bank to start foreclosure ...

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