Categories
labor issues the orchestra world union

philadelphia orchestra board votes to file for bankruptcy

The board of the Philadelphia Orchestra voted today to file for Chapter 11 bankruptcy. This despite $140 million in the endowment. Some legal experts contend that the bankruptcy could be thrown out if it’s not perceived to have been taken in good faith. Others say that it is warranted. Some labor experts see it as an attempt to get out of pension obligations rather than to do any real reorganizing. Are there any good managers left in the League of American Orchestras, other than our own Elaine Calder?

We’ll see what happens next.

  • Philadephia Orchestra seeks bankruptcy reorganizationPhiladelphia Inquirer.
  • Board of Philadelphia Orchestra Votes to File for BankruptcyNew York Times.
  • Video from Philadelphia Inquirer.
  • The Philadelphia Orchestras new web site dedicated to the restructuring.
Categories
administration labor issues the orchestra world

on the brink in philadelphia

 

UPDATED 4/15/11

While last-minute talks between management and musicians are underway, the Philadelphia Orchestra edges closer to filing Chapter 11 bankruptcy. I find it inconceivable that one of the great orchestras of the world might soon go under – clearly there are some hard questions that must be asked about how the organization has been managed over the past two decades. Here’s a roundup of some recent news articles about the situation.