Taking One for the Team

“At the Metropolitan Opera the general manager, Peter Gelb, cut his $1.5 million salary […] in response to declining donations, ticket sales and endowment, and recognizing that the opera’s budget would have to shrink across the board. ‘An example had to be set,’ said Mr. Gelb, whose salary is now $1.3 million. ‘As the head of the institution, I felt it necessary that it begin with me.’”