Not long before the Citi Performing Arts Center decided to make drastic cuts to its popular summer production of Shakespeare on the Boston Common, its board agreed to pay president and CEO Josiah Spaulding Jr., a $1.265 million bonus
I have long taken sideswipes at certain directors of non-profit arts centers who earn massive salaries. I will confess that I don't begrudge anybody making money and making as much money as they can. What I do get incensed at, and when I usually make snide comments, is when these people resort to the corporate speak of greedy CEO's at large public companies.
Like when they are trying to make budget cuts, push out security guards, or freeze salaries, all while their income continues to go up exponentially. I have made more than my share of comments about Josiah Spaulding, CEO of the Wang Center, now the CitiCenter.
After my last little smart remark, I felt a little bad. In examining the massive cuts at the Shakespeare on the Common, I questioned his "ever increasing" salary.
On my thank you letter for a donation to the Commonwealth Shakespeare Company, Mr. Spaulding handwrote a note in which he expressed disappointment in my comments as he had recentley taken a paycut. (At about the same time, I received an e-mail that confirmed this.) I felt bad and issued a correction on this blog.
Well, Geoff Edgers' new article today reveals that while Mr. Spaulding did take a salary decrease of over 100K. He also, at the same time, took a 1.2 Million dollar bonus.
Read the article. It is interesting. For my part, I learned my lesson. I ain't taking the word of multi-millionaires anymore.
And yes, Thomas, in a way, you told me so.