MacArthur Foundation Appoints New President

“The foundation’s mission is in part to improve the human condition; well, that condition has been substantially harmed by the economy, and the foundation should respond to the extent that it is able,” he said.

Mr. Gallucci declined to say how much he will be earning in his new position. Mr. Denham said it will be on par with Mr. Fanton’s compensation. In 2007, the most recent year data are available, Mr. Fanton received $523,368.