Tuesday, July 31, 2007

Amid struggles, arts center chief got $1.2m bonus

Some interesting reading in today’s Globe.


Let’s see. Cut Shakespeare on Common budget by 500,000, that pays for almost half your bonus. Take 100,000 a year pay cut (from 500,000 to 400,000 per year). Over 7 years that will pay for the rest of your bonus. But hire wife to manage web site, that will help with cash flow. Cut performances from 96% of available nights to 33%. That gives you more time to spend at your 3 vacation properties. On the other hand, Boston Globe gets on your case, makes you look greedy, makes your board look stupid, makes your corporate sponsors nervous. You may lose job, wife may lose job. Oh well.