Word: nonprofit
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Dates: during 1990-1999
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...their asking price often prefer to switch to the stage, which the industry views as a prestigious but separate business, rather than agree to slip back down Hollywood's money ladder. Not that Broadway pay is exactly monastic. While Pacino will work for $1,000 a week in a nonprofit house, some stars command up to 10% of box-office gross, as much as $20,000 a week. For many, the choice is artistic. They want | to play classic roles, work with particular directors or co-stars, or demonstrate talent in a way films do not allow. Baldwin, for example...
...terming the dismissal "a barbaric act," Terkel left the world of bottom-line publishing to join Schiffrin at the New Press, established earlier this year as a foundation-supported specialist in social issues. Race is the house's first book, one that will undoubtedly turn a profit for the nonprofit publisher...
...nonprofit corporation focuses on "teaching dance and theater to children in an after-school setting," said Joan Green, executive director of the project...
...York City's Solomon R. Guggenheim Museum was in trouble. Money was tight; the museum's famous Frank Lloyd Wright-designed building was falling apart; exhibitions were uninspired; donors were losing interest. Enter Thomas Krens, armed with a degree in nonprofit management from Yale. As the Guggenheim's new director, he offered the board of trustees a stark choice: Preserve funds and run the museum conservatively, or attack. "If you want a vital institution," he said, "change has to take place on so many fronts that it's likely to be bewildering...
...really a visionary," says Arthur Levitt Jr., former head of the American Stock Exchange and a Guggenheim board member. "But he's breaking some eggs in the art community." Krens' business-school jargon and management style offend many in the traditionally genteel, nonprofit world of museums. Says Hilton Kramer, editor of the New Criterion, a monthly arts review: "Krens has so far proven himself to be a complete disaster. His conception of a museum is all about expansion. He's a perfect example of what happens to a major cultural institution when it is given over to a bureaucrat...