James Levine, the Metropolitan Opera’s music director, earned $2.1 million in 2010, up 39 percent from a year earlier and more than the compensation of the general manager, Peter Gelb, according to the Met’s 2010- 2011 tax return.
A global oilfield provider of engineering services and products received $4,519,709 from the Metropolitan Opera for replacing the gigantic wheeled platforms that bring the company’s massive sets to the stage.
Peter Gelb, the general manager of the Metropolitan Opera, took an 11 percent pay cut in 2009 to $1.3 million in salary and benefits as the company’s endowment got sliced by the world financial crisis.
John Maynard Keynes’s generation of economists assumed that as people became more efficient at satisfying their wants, they would, and should as rational agents, work less and enjoy life more. Yet power relationships and the insatiability of human wants are such that we have maintained an ethic of acquisitiveness.
Man Group Plc, the world’s biggest publicly traded hedge-fund manager, reported $2.7 billion in fourth-quarter client outflows, adding pressure on new Chief Executive Officer Emmanuel Roman to improve performance.