09/10/2009 05:12 am ET Updated May 25, 2011

MoMA's Glenn Lowry Earned $1.32M Last Year

Aug. 10 (Bloomberg) -- Glenn D. Lowry earned $1.32 million in pay and benefits running New York's Museum of Modern Art in the year ending in June, down from $1.95 million the year before, as the museum cut costs amid the recession.

Lowry, 54, took a voluntary pay reduction as he pared spending by 10 percent across departments and froze hiring, said Kim Mitchell, a spokeswoman for the museum.

Read more on Bloomberg