Michael Orthofer at The Literary Saloon:
"As far as the issue of how tainted the Aurum money is ... well, dear god, do you really think any of the money that gets laundered through such prizes or any other fellowships or awards or anything of the sort -- whether private/corporate cash or government-channeled disbursements -- isn't so through and through sordidly filthy that if you knew the half of it you wouldn't be able to bear living with yourself ?
Short answer: No, I don't think that.
Therefore, it is beyond me why any self-respecting writer would perpetuate this scummy practice and accept any of these prizes.
More importantly, it is further beyond me why any self-respecting writer would think that a "prize" or an "award" is actually an appropriate measure of literary merit, or has anything whatsoever to do with serious writing and reading. It's a way for capitalism to reinforce itself as the ultimate arbiter of value--cash value--even among those who might be expected to believe that in literature more important values are at stake.