Issue #102  3/15/2006
Getty Ceo and President Resigns Under Pressure

Barry Munitz, president and CEO of the J. Paul Getty Trust for the past eight years, has resigned.

There have been calls for Munitz to resign from a number of media and political sources.

By resigning, Dr. Munitz acknowledged he would not receive a severance package. He will, without admitting any wrongdoing, pay the Getty Trust $250,000 in order to resolve any continuing disputes with him.

The Board plans to explore a full range of options as it considers Dr. Munitz's successor. Dr. Deborah Marrow, director of the Getty Foundation, has been asked to serve as interim President and CEO of the J. Paul Getty Trust.