Smithsonian tries to Combat a Reputation for Financial Mismanagement
October 30, 2008 § Leave a comment
As a mainly federally funded institution, financial misconduct has put the Smithsonian in major hot water. Comprised of 19 museums and galleries, this $1 Billion budget mammoth institution celebrates the fusion of science and art but fails to control the spending of some of its chief officers. All this is about to change, however, with the hiring of the Smithsonian’s new Chief Executive Dr. G. Wayne Clough. According to the New York Times, Dr. Clough will take a significant pay cut from the institution’s last leading executive in an effort to promote a reputation of more responsible spending.