Following his announcement earlier this week that big lay-offs and budget cuts were just around the corner, new chief executive at the Los Angeles Museum of Contemporary Art, Charles Young, continues to have his work cut out for him, as it is being reported that nine board members have recently resigned from the museum, including Hard Rock Cafe co-founder Peter Morton and Guess owner Maurice Marciano, many of whom left shortly after the Eli Broad bailout was agreed upon. Although hardly anyone who has resigned is up for talking, Young knows that it's likely because of all the recent turmoil:

"Some have made it clear they don't want to continue, and it's for reasons we can do nothing about," such as a decision that being on the museum board just wasn't how they wanted to spend time and money, Young said.

But Young added that he hadn't given up hope of retaining others who left because they were unhappy about how the museum had handled its finances or how recent decisions were made.