Executives’ Salaries Paid by Cultural Organizations Examined

The New York Times reports that it has “surveyed dozens of arts organizations in New York City and elsewhere in the country, reviewed their federal income tax returns, and interviewed many of their managers and several leading compensation experts to evaluate how executive salaries have fared in the tumult of the recent recession.”  The general finding is that growth in executives’ salaries has waned, not just because of the recession, but also because of enhanced appreciation for good governance and expanded information reporting to the IRS required under the new Form 990.

JRB