Getty numbers there for all to see

The Getty’s executive compensation [“Getty Trust Execs Get Pay Hikes,” by Mike Boehm, Feb. 6] requires further explanation.

Total 2012 Getty executive compensation appeared larger because retirement plan restoration payments were made in December rather than in January, reducing payroll taxes that would have been more costly if paid during 2013 and resulting in a double payment in 2012. Next year’s executive compensation will, in most cases, look like it declined.

In fact, executive salaries increased between 3.25% and 3.75% during 2012, except for two executives who merited larger increases based on performance and peer review. Overall Getty staff salary increases ranged from 1% to 19%, including merit increases, pay adjustments and promotions.

Our chief investment officer’s compensation varies year to year based on the Getty’s endowment performance. The trust endowment, which funds the Getty’s operations, increased from $4.9 billion at year’s end 2009 to $5.6 billion at the end of 2012.

All Getty salaries, including executive compensation, are reviewed annually with comparable salaries at similar institutions. Executive compensation levels are measured against those at peer institutions and are reviewed by an independent consultant.

We are proud that the Getty posts its executive compensation, and other important financial information, on our website ( www.getty.edu) in order to be completely open and transparent.

James Cuno

Los Angeles The writer is president and chief executive officer of the J. Paul Getty Trust.