Glenn D. Lowry

Director of Museum of Modern Art (MoMA), New York

‘Glenn Lowry is on par with the best corporate CEOs,’ says MoMA trustee Glenn Fuhrman of the museum’s director. By most measures, Lowry continues to impress: a new renovation designed by architects-du-jour Diller Scofidio + Renfro, with a price tag of roughly $50m; a Jean Nouvel-designed residential tower next door, which will add three more floors and 3,700sqm of gallery space to the museum’s footprint for another $400m. That’s a lot of cash to raise, but no worries: Lowry, with the help of his high-powered board (finance titans such as Danny Och, Leon Black and Larry Fink), secured gifts of $100m from David Geffen and $40m from Kenneth Griffin. He also sold $281m worth of tax exempt bonds at a top rate of 2.14 percent and offered voluntary buyouts to long-serving staff. The institution is now flush, and continues to serve roughly three million visitors a year. That’s museum management. Sounds to us like corporate CEOs could learn a thing or two from Lowry.