5 percent of its workforce of 2
losing Met Canada Goose Coats On Sale hands execs hefty raises
The Metropolitan Museum of Art doled out hefty pay raises and six figure bonuses to top executives despite canada goose outlet nyc a looming deficit that threatened to reach $40 million, records show.
Although the museum was already losing millions canadian goose jacket when Daniel Weiss took the official canada goose outlet helm as president in July 2015, he still got a $300,000 bonus for less than half a year on the job, according cheap canada goose to the museum’s 2015 federal tax filings, the latest available for the troubled arts institution.
In fact, Weiss’s total compensation for six months of canada goose outlet store work came to $818,112, which included a salary of $327,931 and a housing allowance for his Park Avenue apartment.
Outgoing Met director and chief executive Thomas Campbell’s total compensation canada goose outlet black friday was $1,428,935, including a Canada Goose Parka salary of canada goose outlet uk sale $942,287. canada canada goose uk outlet goose outlet uk His salary and “other compensation” of $127,622 was a 7 percent increase over the previous year, records show.
Campbell, who resigned last month amid the growing fiscal crisis, lives across the street from the museum in a grand, four bedroom, four bath Fifth Avenue apartment provided by the museum. He has headed the museum since 2009, and is scheduled to leave in June.
Former Met president Emily Rafferty, canada goose outlet sale who left her position at the end of buy canada goose jacket June canada goose outlet online 2015, received a total compensation package of canada goose uk shop $2.2 million, the tax records canada goose black friday sale show.
Suzanne Brenner, the Met’s senior VP and chief investment officer and its next highest paid employee, saw her bonus rise to $624,828 from $570,590. Her total compensation was $1,583,553.
The salary for chief investment officer Lauren Meserve jumped 14.7 percent and her bonus shot up to $548,723 from $466,847. Her total compensation was $1,451,775.
Thomas P. CampbellEPA
The Met would not canada goose outlet store uk comment on the raises.
Museum executives sounded the alarm about rising deficits during the last fiscal year, which ended June 30, 2016.
They cheap canada goose announced austerity measures, including staff cuts and curtailing the number of special exhibitions. The year ended with an $8.3 million deficit.
The Met laid off 34 employees, or 1.5 percent of its workforce of 2,200, last September, although none of the layoffs involved curatorial staff, a spokesman told The Post. Earlier, the museum announced that 50 staff members had taken goose outlet canada buyouts.
The museum spent 4 percent of its budget in the last fiscal year operating the Met Breuer, the former Whitney Museum on Madison Avenue canada goose outlet jackets it took over to devote to modern art, https://www.st-edwards-cam.org.uk according to its latest financial report.
The museum also settled a three year old class action lawsuit in 2016 that challenged the Met’s admissions policy, and forced the museum to clarify its “pay what you wish” directive. While there was no large cash payout, the plaintiffs’ lawyer sought $350,000 in legal canada goose uk black friday fees from the Met. A spokesman for the Met said the payment hadn’t been finalized by the court.