Barry Munitz Leaves The Getty Trust

Barry Munitz, one of the highest-paid nonprofit leaders in the nation has resigned from the J. Paul Getty Trust under scrutiny for reports of lavish spending. Munitz admitted no wrongdoing, but agreed in a resignation letter Thursday to resolve ``any continuing disputes'' by paying the institution $250,000 and giving up severance pay. Munitz' departure comes during a turbulent time at the $7 billion trust, which oversees the J. Paul Getty Museum and divisions of art conservation, research and philanthropy. Its former antiquities curator, Marion True, is on trial in Rome, accused of trafficking in looted artifacts. He earned an annual salary of $1.2 million during his eight-year tenure. Larry Mantle talks with Jason Edward Kaufman, Chief U.S Correspondent for The Art Newspaper.