His letter to the NCI community is here.
Finally, when I return to New York City full time on April 1st, I will establish a modestly sized research laboratory in the Meyer Cancer Center at the Weill-Cornell Medical College...
Harold Varmus is 75 years old. I will be very fascinated to see if his idea of "modestly sized" accords in even the slightest with what I think of as a modest laboratory operation.
UPDATE 03/06/2015: In case there was even the slightest doubt, Jocelyn Kaiser quoted Varmus as follows:
At 75, he plans to move his small lung cancer biology lab at NIH to New York City and expand its staff. Although Cornell is giving him startup funds, he expects to apply for grants. At NIH, his lab “just got reviewed and I did well,” Varmus says. “I don’t believe in making arithmetic judgments,” he adds. “I should be judged by what I do.” And in the future, he adds, “If things aren’t going well, I’ll quit.”
Grants. Plural. "I should be judged by what I do". aaaand or course judged by who you are and what you have done in the past. I can't imagine that his applications will be treated with anything other than kid gloves at study section, can you?