Tag Archives: salary cuts

Among the directors who have taken the largest cuts are those earning the biggest paycheques at the richest institutions. MoMA director Glenn Lowry, the highest paid chief executive of a US art museum, had his salary reduced 15% last year, but his total compensation still topped $1.32m, and will remain above $1m this year even after another 10% cut. Peter Marzio, the director of the Museum of Fine Arts, Houston, took a voluntary compensation reduction “in excess of 20%”. Continue reading →