[net-gold] MUSIC CLASSICAL ORCHESTRAS : UNITED STATES: CITIES: PHILADELPHIA: Philadelphia Orchestra Bankruptcy Drags On
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Mon, 16 Apr 2012 07:41:46 -0400 (EDT)
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MUSIC CLASSICAL ORCHESTRAS :
UNITED STATES: CITIES: PHILADELPHIA:
Philadelphia Orchestra Bankruptcy Drags On
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Philadelphia Orchestra Bankruptcy Drags On
Peter Dobrin
Inquirer Classical Music Critic
Posted: Mon, Apr. 16, 2012, 3:01 AM
http://www.philly.com/philly/entertainment/147532115.html
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When the Philadelphia Orchestra filed for Chapter 11 last spring, its
leaders said the reorganization would cost $2.9 million in legal and
administrative fees, and they predicted the orchestra would be out of
bankruptcy in the latter part of 2011.
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The legal tab now looks likely to be triple that initial estimate, and the
case is entering its second year.
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On April 16, 2011, the ensemble's 75-member board voted - with a few
abstentions, and all five musicians on the board voting "no" - to become
the first major U.S. orchestra to file for bankruptcy.
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From the start, board and musicians were riven, disputing the need for,
and consequences of, bankruptcy.
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Musicians saw the move as an act of corporate-style brutality aimed at
breaking their labor contract and downgrading the ensemble from a great
orchestra to a regional one. Steep cuts, they argued, would drive
musicians out.
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snip
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Orchestra lawyer Lawrence G. McMichael said last week that through
bankruptcy, the orchestra has carved out about $6 million in annual
operating expenses.
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"I can tell you, in my view, going into bankruptcy is one of the smartest
things the orchestra could have done," he said in an interview. He now
forecasts a July exit from Chapter 11.
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Management succeeded in stripping competitive pay and pension benefits
from the musicians' contract, and now the players are voting again - with
their feet. Several star members have accepted jobs elsewhere, and others
are actively auditioning, raising the possibility that after achieving
destination status in the 1930s, the Philadelphia Orchestra may lose it.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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