The Munitz Collection - Yahoo! News: "The world's richest art organization was facing hard times in spring 2003.
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On a Wednesday in late March, seven security managers were called into a conference room at the J. Paul Getty Trust's hilltop campus in Brentwood and told that their positions had been eliminated.
It was the first in a series of layoffs and cutbacks that year at the Getty. The trust's endowment had lost more than $1 billion in two years, mostly because of declining stock markets. Despite its reputation for bottomless wealth, the Getty was pinching pennies.
But the cuts didn't apply to everyone.
Days after the security layoffs, trust Chief Executive Barry Munitz drove up the Getty Center's winding driveway in a new Porsche Cayenne. The Getty paid $72,000 for the SUV. When ordering it, Munitz told an aide it should include the 'best possible sound system,' 'biggest possible sunroof' and 'power everything�.'"
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