Here we go again: A charming upstart becomes an insatiable Fat Cat.
| "Fat Cat" 2010 by ira upin |
Magic did happen, according to series creator and CEO David Avram Isay, as tens of thousands of ordinary people experienced an extraordinary emotional intimacy, thanks to this modest format.
The real magic, though, was in the bank account. Astonishingly, StoryCorps has evolved into a $10 million a year enterprise, with 140 employees. Your tax dollars make up a third of the budget, and foundations pay most of the rest. So how does Isay manage to blow 11.4 percent of the budget on his full-time fund-raising?
In many respects, StoryCorps -- which portrays itself as a unique medium of heartfelt Truth -- has become an elaborate fiction.