Abstract
The 123-year old Milwaukee Public Museum, which had long been considered to be one of the top natural history museums in the country, found itself in dire financial straights in 2005. The museum had run large deficits for the past three years and had almost entirely eaten through its cash and long-term endowment. In June 2005 it was forced to lay off many of its experienced collections and research staff and had begun the process of preparing to sell off assets that were not a part of the “exhibit experience.” Milwaukee County’s Chief Executive went so far as to suggest that the Museum’s celebrated 700-acre Tirimbina rain forest preserve in Costa Rica should be sold. How did this once renowned organization become a shell of its former self? What financial management and governance mistakes were made, if any, and how could this disaster have been prevented? THE MILWAUKEE PUBLIC MUSEUM CASE
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
