Minneapolis Institute of Art Cuts Staff - Leader Cuts Own Pay by Ten Percent
Faced with a dramatic drop in revenues, the Minneapolis Institute of Arts took steps Wednesday to trim $1.7 million from its operating budget by eliminating 6 percent of its staff and reducing executive salaries immediately, and cutting its exhibitions and programs by as much as 20 percent next year.
“It was probably the worst day of my professional career,” said museum director Kaywin Feldman, who took a voluntary 10 percent cut in pay. “The MIA staff is very much a family and we feel the loss of staff here as something very dear.”
Bob? Can you handle this or at $740K is this too much of a sacrifice for you?