At the Metropolitan Opera the general manager, Peter Gelb, cut his $1.5 million salary twice starting in December 2008 in response to declining donations, ticket sales and endowment, and recognizing that the opera’s budget would have to shrink across the board.
“An example had to be set,” said Mr. Gelb, whose salary is now $1.3 million....
link: Reducing Salaries for Cultural Executives in New York - NYTimes.com
Imagine the pain.
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