Burger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
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The youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
Burger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
Someone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
The youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion

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Ok I didn’t know Art Directors were paid that much!
Old article but still an eye-opener.
I read about how some museums are closing down while others are thriving.
From the Oregon Shakespeare Festival to the Brooklyn Academy of Music, cost-cutting measures have become the norm.
Smaller museums, such as Iowa’s National Motorcycle Museum and Virginia’s AAF Tank Museum, are even closing their doors permanently, casualties of financial hardships.
Labor disputes are also casting shadows over the cultural landscape.
The Philadelphia Orchestra, for instance, is facing labor issues that threaten its harmony, while the New Jersey Symphony has been trimming staff and programming.

Doesn’t matter if you aren’t familiar with those museums in particular.
The point is, quite a few long-staying museums around the world are suffering badly and closing down.
Of course, Covid didn’t help but made it so much worser.
Most of the others only survive because they are government funded.
On the other hand, the bigger boys seem to be sailing through these challenging times relatively unscathed.
MoMA, the Smithsonian, the Met and others are apparently doing fine.
Legacy and long-standing history matters.
Intriguingly, while many arts organizations have faced inflation and a post-pandemic slump in visitors, the prominent ones appear to be less immediately threatened.

Executives at some of the most influential arts organizations in America are earning astronomical salaries.
It’s not just the hefty paychecks; many also enjoy perks that defy the imagination.
Free luxury housing, first-class travel, and allowances for social clubs, as long as business is involved, and even rent-free accommodation in some of the hottest spots in town worth millions.
Deferred compensation and other benefits can push their annual earnings well past the million-dollar mark.
Museum of Modern Art Director Glenn Lowry earned a staggering $2.3 million in salary, bonus, and benefits.
“Which is about 48 times the salary of an education assistant at the museum”.

The juxtaposition of top executives’ salaries and the concerns of rank-and-file employees is stark.
Wait till you add in his bonuses.
This substantial figure is justified by MoMA’s balanced budgets, growing attendance, and impressive fundraising efforts.
Can you believe its a non-profit?
So what exactly does an Art Director like Glenn do?
“Art directors are responsible for overseeing the care of valuable art pieces within a collection. This role also requires managing staff to ensure the proper care for different pieces of art, as well as ensuring strict guidelines exist that help determine how each piece of art is handled.”

I would assume networking, hobnobbing with the social elites, getting them to donate and buy art pieces are also part of the job responsibilities.
Art is a highly contentious and subjective area of interest.
If this continues, pretty much all the smaller museums will shutter and all that is left would be the big boys.
-
Are art museums dying?
-
#Art #Museums #Culture #IncomeInequality #ArtWorld #COVID19 #MuseumSalaries #IndebtedCulturalWorkers #MoMA #MetropolitanOpera #Disparity #ExecutiveCompensation #ArtAndSociety #ArtsInstitutions

Ok I didn’t know Art Directors were paid that much!
Old article but still an eye-opener.
I read about how some museums are closing down while others are thriving.
From the Oregon Shakespeare Festival to the Brooklyn Academy of Music, cost-cutting measures have become the norm.
Smaller museums, such as Iowa’s National Motorcycle Museum and Virginia’s AAF Tank Museum, are even closing their doors permanently, casualties of financial hardships.
Labor disputes are also casting shadows over the cultural landscape.
The Philadelphia Orchestra, for instance, is facing labor issues that threaten its harmony, while the New Jersey Symphony has been trimming staff and programming.

Doesn’t matter if you aren’t familiar with those museums in particular.
The point is, quite a few long-staying museums around the world are suffering badly and closing down.
Of course, Covid didn’t help but made it so much worser.
Most of the others only survive because they are government funded.
On the other hand, the bigger boys seem to be sailing through these challenging times relatively unscathed.
MoMA, the Smithsonian, the Met and others are apparently doing fine.
Legacy and long-standing history matters.
Intriguingly, while many arts organizations have faced inflation and a post-pandemic slump in visitors, the prominent ones appear to be less immediately threatened.

Executives at some of the most influential arts organizations in America are earning astronomical salaries.
It’s not just the hefty paychecks; many also enjoy perks that defy the imagination.
Free luxury housing, first-class travel, and allowances for social clubs, as long as business is involved, and even rent-free accommodation in some of the hottest spots in town worth millions.
Deferred compensation and other benefits can push their annual earnings well past the million-dollar mark.
Museum of Modern Art Director Glenn Lowry earned a staggering $2.3 million in salary, bonus, and benefits.
“Which is about 48 times the salary of an education assistant at the museum”.

The juxtaposition of top executives’ salaries and the concerns of rank-and-file employees is stark.
Wait till you add in his bonuses.
This substantial figure is justified by MoMA’s balanced budgets, growing attendance, and impressive fundraising efforts.
Can you believe its a non-profit?
So what exactly does an Art Director like Glenn do?
“Art directors are responsible for overseeing the care of valuable art pieces within a collection. This role also requires managing staff to ensure the proper care for different pieces of art, as well as ensuring strict guidelines exist that help determine how each piece of art is handled.”

I would assume networking, hobnobbing with the social elites, getting them to donate and buy art pieces are also part of the job responsibilities.
Art is a highly contentious and subjective area of interest.
If this continues, pretty much all the smaller museums will shutter and all that is left would be the big boys.
-
Are art museums dying?
-
#Art #Museums #Culture #IncomeInequality #ArtWorld #COVID19 #MuseumSalaries #IndebtedCulturalWorkers #MoMA #MetropolitanOpera #Disparity #ExecutiveCompensation #ArtAndSociety #ArtsInstitutions
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