According to The Wrap, the MPAA does not have a backup plan: Kerrey was the only one being considered for the $1.3 million per annum job that has been vacant since Dan Glickman resigned in January. The Wrap notes that a mutually agreeable start date could not be determined, and Kerrey was reluctant to give his notice as The New School's president.
Former Tennessee Congressman Harold Ford had also been considered for the MPAA position, but he did not pursue it. Thus the search will continue. For now, Bob Pisano, MPAA President and COO, will serve as CEO. It's a tough job to fill.