Letter Imperfect

After maintaining silence on the questions raised by the disclosure of MoMA Director Glenn Lowry's wonderfully intricate compensation package, MoMA's Chairman Robert Menschel and President Marie-Josee Kravis have spoken up by way of a letter to the editor in last Saturday's New York Times, though not one that does much to clarify the questions about conflict of interest that the unusual funding arrangement created. Their brief letter also fudges some important issues. Two useful commentaries here and here.