Category - Resctructuring

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Bought and paid for
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Red line in Minnesota gets redder
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The latest bad news from Minnesota
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What we should hope isn’t next for Minnesota
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When Vampire Squid meets orchestra
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No Time At All
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An Indexed Financial Model for Symphony Orchestras
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About that $6 million deficit…
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Beyond Prestige
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Another day, another conspiracy theory

Bought and paid for

The Minnesota Orchestra leadership released a “financial review” yesterday. Most of the coverage, though, focused on remarks made by MO board negotiating chair Richard Davis, who told the Star Tribune editorial board that he was prepared to say bye-bye to music director Osmo Vänskä, the upcoming Carnegie concerts, and the opening of the newly-renovated Orchestra[…]

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Red line in Minnesota gets redder

I promise that some day I will post on something other than the Minnesota Orchestra labor dispute. But, at the moment, it’s the most important thing happening in our field. The news yesterday from the Northern Front was not encouraging. The first item was that Minnesota Orchestra management has apparently set a kind of deadline[…]

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The latest bad news from Minnesota

There have been several developments in the trench warfare that goes by the name of “Minnesota Orchestra negotiations” recently. The first, and (to my mind) least consequential, was DomainNameGate. Emily Hogstad, who has done remarkable commentary and reporting throughout this dispute, discovered more or less by chance that the Minnesota Orchestra Association had been buying[…]

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What we should hope isn’t next for Minnesota

There was a flurry of press reports last week on the state of the Minnesota Orchestra lock-out; most about the apparent involvement of George Mitchell as mediator. Norman Lebrecht also reported on some back-and-forth between musicians and management, although other reports disputed the accuracy, or at least completeness, of what he’d written. Since then, there’s[…]

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When Vampire Squid meets orchestra

One of the best metaphors in recent years was coined by Matt Taibbi, who wrote one of the great articles on the financial crisis of 2008: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face[…]

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No Time At All

Just like Rip Van Winkle, American orchestras have been asleep for twenty years. Season after season of the same repertoire, played again and again for generations until the idea of an orchestra participating in modern musical life seems outrageous. Last week, the League of American Orchestras focused their annual conference around the idea of “Imagining Orchestras in[…]

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An Indexed Financial Model for Symphony Orchestras

This article by Michael Drapkin was first published in October of 2011. In it, Michael describes a different orchestra financial model–how the financial stakeholders of an orchestra i.e., the musicians, staff, conductors could share in the economic success or failure of their orchestra. There is definite risk/reward here, if instituted by an orchestra it would[…]

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About that $6 million deficit…

The Minneapolis StarTribune is reporting that, at tomorrow’s annual meeting of the Minnesota Orchestral Association, the board will report a deficit for 2011-12 of $6 million on expenses of around $31 million. That’s a pretty impressive number, not least because it’s so much worse than the previous three years and yet so close to the[…]

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Beyond Prestige

In the American system, the arts are funded mostly through indirect subsidies.  Our government’s tax policies toward charitable giving elicit billions of dollars in contributions annually.  The beauty of this system is that it not only allows the citizens to determine which not-for-profits benefit a civil society, but also it does not require the government[…]

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Another day, another conspiracy theory

Except that, of course, it’s the same conspiracy theory, only this time in the hallowed web pages of the Huffington Post: It’s the voodoo. That horrible, Kuru-inducing zombie voodoo. These are heady times for the League of American Orchestras (LAO) and their ilk. True, their suits have grown a tad more maggot-ridden since their early[…]

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