Friday, February 16, 2007
Going To NYC, But Not To MOMA
In a story that makes me want to vomit, Stephanie Strom of the New York Times found out that Museum of Modern Art Director Glenn Lowry was paid $1.28 million in 2005 and that in addition to his salary, bonuses and benefits there is more that make up his total compensation.
Two of his board of directors members, David Rockerfeller and Agnes Gund set up a trust, and another trustee David Rockerfeller tossed in some contributions, which paid Mr. Lowry up to $5.35 million between 1995 and 2003 including the purchase of a couple of apartments. Much of this has only reluctantly recently been reported. Mr. Lowry has been head of the museum for 12 years.
All I can think of is the millions of people lined up to pay their $20 admission fee to this museum, which when it reopened in 2004 was the highest a museum had ever charged. The construction project and the acquisition of new space was used as justification for the price. Now I think we should all get in for free.
PermaLink | 6:58 AM |
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Two of his board of directors members, David Rockerfeller and Agnes Gund set up a trust, and another trustee David Rockerfeller tossed in some contributions, which paid Mr. Lowry up to $5.35 million between 1995 and 2003 including the purchase of a couple of apartments. Much of this has only reluctantly recently been reported. Mr. Lowry has been head of the museum for 12 years.
All I can think of is the millions of people lined up to pay their $20 admission fee to this museum, which when it reopened in 2004 was the highest a museum had ever charged. The construction project and the acquisition of new space was used as justification for the price. Now I think we should all get in for free.
PermaLink | 6:58 AM |
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