March 2nd, 2012

‬Suspected financial turmoil related to illegal endowment raiding begets turnover at MOCA, with the chief operating officer, fundraising director and a trustee chairman leaving the museum within the last three months, each remaining in the posts less than a year. Jeffrey Deitch, MOCA’s director since 2010, is reportedly struggling to fix the endowment issues that ended in 2008. The current fiscal year has a projected deficit until its closing on June 30th. [AO Newslink]

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