More Cuts Loom at L.A. Museum Under New Chief Executive
May 11, 2009 | Read Time: 1 minute
The Museum of Contemporary Art, in Los Angeles, is making many changes as its new chief executive, Charles E. Young, prepares a 2009-10 budget of $15-million or less, down from the $20-million in annual spending of recent years, the Los Angeles Times reports.
The staff size was pared from 152 to 108 in January, shortly after the arrival of Mr. Young, a former UCLA chancellor who came to the downtown institution at the behest of the philanthropist Eli Broad.
The museum has also temporarily closed exhibit spaces and trimmed its exhibition schedule and plans to reduce employee pay and benefits as part of a belt-tightening that Mr. Young said is necessary to restore the museum’s financial footing and prepare for a “renaissance” in the fall.
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