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BAM Helped Buy Its Boss a New Home. She Left in Under 6 Years.


BAM Helped Buy Its Boss a New Home. She Left in Under 6 Years.
Some cultural institutions own apartments for their leaders to use. The Brooklyn Academy of Music decided to help its last leader buy one with a bonus of $968,000.
In an effort to lure a new top leader in 2015, the Brooklyn Academy of Music provided its incoming president with a $968,000 bonus to help buy an apartment.Credit.Emily Gilbert for The New York Times
Published March 4, 2021Updated March 5, 2021
One of the perks of leading premier cultural institutions, besides the substantial salaries, is the use of elegant apartments, which are often owned by arts organizations and passed from one top executive to the next. ....

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