Field Museum Endowment Rocked By Market

Chicago Sun-Times:

The tanking stock market has hit the Field Museum's endowment, which has dropped about $95 million -- 30 percent -- leading to salary cuts, layoffs and buyout offers to scientists and other employees.

While most of the planned upcoming exhibits will be presented as scheduled, financial belt-tightening contributed to the museum's decision not to present Lucy, a 3.2 million-year-old fossil of an ape-man species that was to debut here this fall, Field president John McCarter said Tuesday.

Read the whole story: Chicago Sun-Times