Update 1: Head of Beleaguered Getty Trust Resigns - Forbes.com

Update 1: Head of Beleaguered Getty Trust Resigns - Forbes.com: "Update 1: Head of Beleaguered Getty Trust Resigns
02.09.2006, 11:34 PM


The chief executive of the multibillion-dollar J. Paul Getty Trust resigned Thursday in the wake of reports of purported lavish spending.

Barry Munitz, who was president and CEO for eight years, will pay the trust $250,000 'without admitting any wrongdoing,' Getty spokesman Ron Hartwig said in a statement. "