Friday, October 01, 2010


The "Zaretskians" on the LA MOCA board seem to have gotten their act together: "The Museum of Contemporary Art announced Thursday that it finished its fiscal year with a $5.5-million surplus and has used most of it to continue replenishing the endowment it had illegally raided during nearly a decade of overspending. . . . The decision to put $4 million of the surplus into the endowment brings the fund to $18.5 million, less than two years after the museum's meltdown, coupled with the 2008 stock market collapse, had reduced it to $5 million."