Thursday, October 09, 2014

Top 2 at DIA got boost in compensation after millage

Top 2 at DIA got boost in compensation after millage:
"Compensation for the two top officers at the Detroit Institute of Arts climbed by double digits, including $50,000 bonuses for each, according to 2013 tax documents filed by the nonprofit.
DIA director Graham Beal's total compensation increased by 13 percent to $513,868.
Annmarie Erickson, DIA executive vice president and chief operating officer, saw her compensation increase by 36 percent in one year to $369,366.
The increases came in 2012, the same year voters in Macomb, Oakland and Wayne counties approved a $23 million millage to fund DIA operations for 10 years, and just months before the museum became embroiled in Detroit's historic bankruptcy case.
Over the past year, as creditors pushed the city to sell DIA treasures to pay its debts, an unprecedented coalition of foundations and the state of Michigan came together to pledge $816 million to shield the art from creditors and bolster Detroit employee pensions.."

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