When the Brooklyn Academy of Music hired Katy Clark as its new CEO, the board wanted her to live in Brooklyn, where real estate prices were higher than in the upper Manhattan neighborhood she was moving from. So they gave her $968,000 toward the price of her new home — a figure well over 2½ times her $355,000 annual salary. Clark’s contract said she’d have to pay part of that money back if she left her position before five years had passed — and not long after the five-year mark, she resigned to take a very different job. – The New York Times
