MOCA loses three executives in key finance roles – Los Angeles Times

“Three Museum of Contemporary Art officials with key financial roles — the chief operating officer, fundraising director and a trustee who chaired the board’s finance committee — have left MOCA in the last three months. They had been at their posts less than a year. Meanwhile, since Jeffrey Deitch became MOCA’s director in mid-2010, efforts have stalled to pay down large deficits the museum incurred from 2000 to 2008 by illegally raiding its endowment. A source, who spoke on condition of anonymity because of the sensitivity of MOCA’s finances, said it has projected a deficit for the current fiscal year, which ends June 30.” Source: Mike Boehm, “MOCA exits put spotlight on finances,” Los Angeles Times, March 2, 2012. Read in full at link below: