Tuesday, March 28, 2006

Crain's Detroit Business-"More bucks for the boss

Crain's Detroit Business: "More bucks for the boss
Despite slow local economy, many nonprofits gave bigger raises in ’04 to compete nationally
By Sherri Begin
March 27, 2006 1:30 PM

Detroit Institute of Arts Director Graham Beal leads one of the top five art museums in the country, but you wouldn’t know it by looking at his compensation, Board Chairman Eugene Gargaro Jr. said.

Even with total compensation of $486,654 in 2004, his pay is still in the midrange of what his U.S. peers receive, said Gargaro, who is vice president and secretary of Taylor-based Masco Corp. Beal didn’t receive a base pay increase in 2003, but in 2004, the DIA gave him a 5.2 percent increase."

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