in 2005, after a series of articles in the "los angeles times" about the spending practices of the getty trust and its then-president dr. barry munitz, the california attorney general conducted an investigation of the getty trust and found that no laws had been broken. the trust agreed to appoint an outside monitor to review future expenditures. the getty trust experienced financial difficulties in 2008 and 2009 and cut 205 of 1,487 budgeted staff positions to reduce expenses. although the getty trust endowment reached $6.4 billion in 2007, it dropped to $4.5 billion in 2009. the endowment rebounded to $6.2 billion by 2013.