Los Angeles Museum of Contemporary Art Hits Rock Bottom, Eli Broad Steps In to Help Save the Day

On the other side of the country, another museum wasn’t losing a director but was also having a very busy, scrambling weekend. First, Los Angeles’ Museum of Contemporary Art announced that most of their endowments had all but dried up, leaving them with hardly any operating budget and many concerns over what to do next to keep the museum afloat. Later, California’s attorney general, Edmund Brown Jr., decided that this sudden loss of finances was something worth investigating.