As Met begs for cash, Peter Gelb’s wage tops $2 millionmain
The credit rating of the Metropolitan Opera is going down the drain. The house narrowly averted a shutdown of Gelb’s making. The audience is unhappy. Donations are proving hard to come by.
So the board boosted Gelb’s pay to $2.1 million, making him the most expensive opera manager on earth.
By our thumbnail calculation, the manager of the Metropolitan Opera earns around eight times the salary of the chief executive of the Royal Opera House, Covent Garden.
Their jobs are not that different. Does Gelb deliver eight times added value?
All that glitters is not Gelb