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(ArtNet)   Another tale of executives cashing in while regular employees are on food stamps, this time from those rapacious right-wing capitalist monsters at the Metropolitan Museum of Art   ( news.artnet.com) divider line
    More: Asinine, total compensation, Metropolitan Museum of Art, federal tax filings, chief investment officer, New York, iconic Metropolitan Museum, artnet News, director Thomas Campbell  
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1189 clicks; posted to Business » on 20 Mar 2017 at 3:50 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



13 Comments     (+0 »)
 
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2017-03-20 02:46:36 PM  
The Mets suck.


/Braves fan
 
2017-03-20 03:57:16 PM  
This certainly shows a stark contrast in the use of balance and heavy tones. Good use of space.
 
2017-03-20 04:00:04 PM  
The release of the Form 990 for 2016, notably, significantly lags in time from the period it covers. Our release last week covers executive compensation for calendar year 2015. It was after this time period, in the spring of 2016, that we found it necessary to impose significant cost-cutting.  At that time, voluntary pay cuts were taken by Tom Campbell, Dan Weiss, and other senior staff members.

This... seems reasonable? At least, pending more information.
 
2017-03-20 04:19:35 PM  
You can paint all of these greedy institutional executives with a broad brush, can't you?  At least, that's the impressionist I get.
 
2017-03-20 04:21:23 PM  

whatsupchuck: You can paint all of these greedy institutional executives with a broad brush, can't you?  At least, that's the impressionist I get.


I missed your pointalism there. You were a little too abstract
 
2017-03-20 05:21:09 PM  

whatsupchuck: You can paint all of these greedy institutional executives with a broad brush, can't you?  At least, that's the impressionist I get.


Let's face it, people are going to do it
 
2017-03-20 05:30:37 PM  
Yeah but it's ok when their side does it .
 
2017-03-20 06:46:15 PM  
Best and BrightestTM
 
2017-03-20 08:14:53 PM  
If you award yourself/are awarded (by your buddies) a bonus while the entity you are leading is losing money, you're an asshole.  Full stop.

There are very few CEOs that are actually worth a fraction of what they are paid.  The rest are just well-dressed looters.
 
2017-03-20 11:05:24 PM  
Vanity Fair had a long form article on The Met I saw today.

They have a 2.5 Billion dollar endowment, and they like the endowment to show a loss every year so that donors won't get the impression that they don't need MOAR donations.

Also, in April 2013, with Leonard Lauder's extraordinary gift of his unmatched collection of 78 Cubist paintings, drawings, and sculptures, among them 33 Picassos, 17 Braques, and 14 Légers-valued at more than $1 billion. "In one fell swoop this puts the Met at the forefront of early-20th-century art," Campbell said at the time. "It is an un-reproducible collection, something museum directors only dream about."

However, they did have to blow a wad of cash coming up with a display space for their move into more modern art.

Then they spent another wad of cash setting up a new department to digitize their collection and put it online for free public access.

Spending lots of money on new things they didn't do before seems to have pissed off the existing employees who went to the press to vent, because they felt the money would have been better spent on their own existing departments.

I have a feeling The Met will be fine.
 
2017-03-21 01:36:44 AM  
memo to subby: Work at a musesum?  You're a Leftist.
 
2017-03-21 06:35:32 AM  

T.rex: memo to subby: Work at a musesum?  You're a Leftist.


I worked at a museum for 10 years and I...

...ok, I sort of see you point.
 
2017-03-21 07:34:52 AM  

BullBearMS: I have a feeling The Met will be fine.


But don't take away their NEA grants otherwise Somalia or something.
 
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