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	<title>Observer &#187; Tight Times at MoMA</title>
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		<title>Observer &#187; Tight Times at MoMA</title>
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		<title>Tight Times at MoMA</title>

		<comments>http://observer.com/2009/12/tight-times-at-moma/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 14:56:25 -0400</pubDate>
					<link>http://observer.com/2009/12/tight-times-at-moma/</link>
			<dc:creator>Molly Fischer</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/51743796.jpg?w=300&h=190" />The Museum of Modern Art has turned to pay freezes to cope with its plummeting endowment--investments have fallen 17.6 percent in the last year.</p>
<p>"Administrators, librarians, curators and editors at MoMA who belong to its largest union, UAW Local 2110, earn about $25,000 to $75,000 a year," <a href="http://www.bloomberg.com/apps/news?pid=20601088&amp;sid=aox5HfoLJydc" target="_blank">reports <em>Bloomberg</em>.</a> Under this year's negotiations, union members will receive no raises, and most will have to increase their healthcare contributions.</p>
<p>Executives are not exempt:</p>
<blockquote><p>MoMA Director Glenn Lowry earned $1.32 million in the year ending in June, down from $1.95 million the year before, according to the museum. In July, museum executives earning more than $150,000 took a pay cut of 2 percent to 8 percent, Mitchell said. Lowry took a 10 percent cut.</p>
</blockquote>
<p>It could be worse. In contrast to the Met and other institutions, MoMA has managed to avoid firing staff. For now, anyway.</p>
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		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/51743796.jpg?w=300&h=190" />The Museum of Modern Art has turned to pay freezes to cope with its plummeting endowment--investments have fallen 17.6 percent in the last year.</p>
<p>"Administrators, librarians, curators and editors at MoMA who belong to its largest union, UAW Local 2110, earn about $25,000 to $75,000 a year," <a href="http://www.bloomberg.com/apps/news?pid=20601088&amp;sid=aox5HfoLJydc" target="_blank">reports <em>Bloomberg</em>.</a> Under this year's negotiations, union members will receive no raises, and most will have to increase their healthcare contributions.</p>
<p>Executives are not exempt:</p>
<blockquote><p>MoMA Director Glenn Lowry earned $1.32 million in the year ending in June, down from $1.95 million the year before, according to the museum. In July, museum executives earning more than $150,000 took a pay cut of 2 percent to 8 percent, Mitchell said. Lowry took a 10 percent cut.</p>
</blockquote>
<p>It could be worse. In contrast to the Met and other institutions, MoMA has managed to avoid firing staff. For now, anyway.</p>
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