Showing posts with label Mercedes Bass. Show all posts
Showing posts with label Mercedes Bass. Show all posts

Sunday, November 20, 2016

O TEMPORE! O MORES!

.....from Cicero, First Oration against Catiline.

I've been away from the blog for a few weeks and for a few reasons: first, to slog through the vitriol that flowed from the waning days of the Presidential campaigns, and second, to slog through all the vitriol of the aftermath of November 8. I'm not at all happy with the outcome (there, I said it!) but it is what it is, and all Americans need to hope that this great experiment in democracy will survive.

Speaking of survival:

The website of the Fort Worth musicians reported on October 24:

Despite a return to the negotiation table on Saturday, Fort Worth Symphony Orchestra (FWSO) Management has announced today that it is unilaterally canceling concerts through December 31, 2016. This comes after rebuffing Musicians’ repeated offers to collaborate with Management to develop financial solutions to resolve the nearly seven-week-long dispute.

Management is so intent on getting cuts in any way possible; they are now taking it out on the people of Fort Worth directly,” said Musicians Union President Stewart Williams. “In our last meeting, we called upon Symphony President Amy Adkins to stop these cancellations and discuss ways for Musicians and Management to work together, not only to develop new revenue but also to better serve the community. She refused to consider any such options. Instead, she is forcing cuts through cancellations, slashing concert after concert, in reckless disregard for the people the FWSO serves.”


This action, of course, eliminates the highly successful (and lucrative) holiday concerts and assures the un-merriest of Christmases in that city. Oddly enough, an ad for Fort Worth (just the city) popped up on an arts blog I was reading. Their motto--"Cowboys and Culture"--has become only half right. However, the Musicians of the Fort Worth Symphony will offer their own "Fort Worth Family Christmas Concert" on November 27 at the Will Rogers Auditorium, a nearly 3000-seat hall. Conductor Miguel Harth-Bedoya is nowhere in sight.

Will Rogers Auditorium: a bit bland but it used to be adequate for the FWSO.
The orchestra has not led an endowment campaign since 2000; the development office is in shambles (five VPs in five years) and Management insists there is no money to be found, even though there has been a 30% uptick in the economy since the draconian 13.5% salary cuts in 2011. An important note includes the efforts of the Fort Worth Opera, which, in three months this past summer raised over $1 million dollars and doubled its donor base. There is money in Fort Worth--lots of it. BUT, those donors are not going to donate to what appears to be "Management without Music."

I'll say it again: CEO Amy Adkins is out of her element; her unwillingness to even acknowledge the collaborative efforts of the musicians further demonstrates her administrative myopia.

AND, one must not forget the gold-digging Board Chair, Mercedes Bass, who left her first husband because he wasn't rich enough (and 27 years her senior), for her second, the son of one of the wealthiest men in America. Forbes estimated Sid Bass's net worth at $2.1 billion. Before their divorce, she'd done an excellent job of spending Sid's fortune, even donating $25 million to the Met. She has the dough to right the ship (the Dallas News estimated the settlement to be $300 million) Of course, the Fort Worth Symphony is not nearly as high-profile as anything in New York City. (other sources: NY Post and NY Times)

MEANWHILE IN PITTSBURGH:


The same slash and burn philosophy holds true in the city of three rivers, which has morphed itself from a rust belt steel town to one of technology and culture (and great brewpubs!). But, "cancel, cancel, cancel" is management's solution to whatever perceived problem exists (PSI-Pittsburgh Symphony, Incorporated refuses to release the 2015-16 financials). This much is known:
  • $33.03 million = Total expenses in 2015, lower than either of the two previous years.
  • $21.2 million = 2015 contributions, an increase of some $13 million from 2014.
  • $124.1 million** = Endowment net assets, 2015.
**does not include assets held in trust by others, or the “1963 endowment” (which holds approximately $10 million in assets and provides ~$600,000 in operating support to the PSO annually. The PSI does not include the income from the 1963 endowment in its budgeting forecasts, for reasons that have never been explained to the Musicians.)

So it's the same old story: concerts canceled, management refusing to negotiate. On some of the latest news, check out this article from the Post-Gazette. The accompanying photo is, in a word, priceless!

And, of course, Manfred Honeck is nowhere to be seen. He--not Board of Trustees Chair Devin McGranahan nor CEO Melia P. Tourangeau--is the public face of the organization and should be leading negotiations in Pittsburgh instead of flying to his next gig.






Friday, September 30, 2016

FALLING DOMINOS

....Orchestras continue to fall. This story from Pittsburgh:

Pittsburgh Symphony musicians go on strike, concerts canceled


Management of the venerable orchestra predicts that the combined deficit of the organization will reach $20 million (it currently sits at $11 million). The tried and true solution? Balance the books on the backs of the people making the music (aren't they the people that audiences come to hear?), to the tune (pun intended) of a 15% salary decrease. The ham-handed proposal also includes a "hard freeze" of the pension plan (replaced by a 401k for those with less than 30 years of service) and a reduction in the size of the ensemble. This sounds all too familiar.

Negotiations began in February and got nowhere, ending in the work stoppage. Ten days of effort by the Federal Mediation and Conciliation Service (which succeeded in the Metropolitan Opera near-fiasco a year ago) failed to produce an agreement between the parties.

A story reported by Mark Kanny of Tri Total Media stated, “When new management stepped in at the Pittsburgh Symphony, we undertook a diagnostic situation assessment that caused us to realize that we are facing an imminent financial crisis. That assessment showed that, due to a combination of forces, we would run out of cash and have to close the doors in May/June 2017,” said board chairman Devin McGranahan in a prepared statement. McGranahan and president Melia Tourangeau took office in 2015. 

What combination of forces?

Despite a history dating back to 1898 (except for a 16-year lapse) and world-class conductors such as Fritz Reiner, William Steinberg, Lorin Maazel, and Mariss Jansons, the management is just now figuring out that there may be a financial problem?

Interestingly enough, in one of her first interviews after arriving in Pittsburgh, Tourangeau said, “the priority is to get to a balanced budget. I feel there has been a tremendous amount of cost-cutting that has taken place. In my opinion, we have a revenue problem, not an expense problem.”
Norman Lebrecht, with whom I sometimes agree, offers this assessment, Management’s refusal to compromise clearly is ideological. New PSI Management has decided, against all evidence, that Pittsburgh somehow cannot support a world-class orchestra, and that a “new business model” is needed. This makes no sense. In 2016, the PSO’s Annual Fund hit a record; ticket sales are up; the Pittsburgh economy is dynamic; the Cultural District is thriving. This is no time for the PSI to abandon the idea that Pittsburgh deserves a world-class orchestra.

If ticket revenue is up and the Annual Fund is at record levels, show me the money.

* * * * * * * * * *

No one is budging in Fort Worth, where the orchestra has been on strike through most of September. The Star-Telegram published an incendiary editorial on September 12 and there has been no reporting of the rebuttal by the musicians (summarized here):

We (the FWSO musicians) just ask you to consider the following as you decide for yourself about fiscal responsibility. Is the FWSO Management being fiscally responsible when they:
  • Fall short on raising enough money to pay the musicians?
  • Use a contingency fund every year to cover operating costs?
  • Ignore professional advice to expand the fundraising department?
  • Have a new Vice-President of Development every year?
  • Don’t have a Strategic Plan past the year 2017?
It is obvious that CEO Amy Adkins is out of her element. Development is the most important issue facing the orchestra. The fact that Development V-Ps last an average of one year says something about management at the top.

Little has been said of Board Chair Mercedes Bass, who also serves as Vice Chairman of the Board of Trustees and the Executive Committee of the Carnegie Hall Corporation as well as Managing Director of the Board of Trustees and Executive Board of the Metropolitan Opera (to which she donated $25 million in 2006. And there's more, including a role with the Aspen Music School (member of the Advisory Board), the Aspen Institute (trustee), and Vice Chairman of the Executive Committee and a member of the Board of Trustees of the American Academy in Rome. After divorcing state department official Francis L. Kellogg in 1988 and marrying Texas billionaire Sid Bass, that marriage ended in 2011, but the settlement left her well off.

Her Fort Worth home
(She also has residences in Colorado and New York City)
The Fort Worth concert hall her in-laws built

She could solve the orchestra's finances with a check out of her pin money account, without cutting into more high-profile gifts to a Lincoln Center opera company.

* * * * * * * * * *

COULD PHILLY FALL (Again?)

Calling management's latest offer "regressive", musicians of the Philadelphia Orchestra are none too happy either. Once part of the venerable "Big Five" of American ensembles (according to budget size), Philly now sits at number 8, and musician salaries continue to fall further behind their colleagues in cities like Boston. 

The contract has already expired and something (or someone) has to move. CEO Allison Vulgamore's track record is not strong (note her previous "service" in Atlanta). The 2011 bankruptcy still looms large, especially for an organization that maintained a $140 million endowment, owned (and still owns) the Academy of Music, and had no debts! Huh?


The Philadelphia Academy of Music (1857)
And nothing wrong with the acoustics
http://www.totaltheater.com/?q=node/467

The musicians note in their September newsletter:

Although the filing in April 2011 was opposed by the musicians, the public was told that it was a necessary step and that when the Orchestra emerged from bankruptcy, things would be much better.

When the court approved the bankruptcy, the Association made wholesale changes to our pension plan. The Plan was frozen and its administration was transferred to the Pension Benefit Guarantee Corporation, a U. S. government entity. Some musicians may receive lower pensions than they would have earned under the frozen Plan. The retirement benefits which were substituted for the Plan do not guarantee the benefit level specified in the Plan. In addition, the orchestra musicians, who had voluntarily taken a wage freeze the year before, and who had donated a significant amount of money to the Association, saw their salaries reduced by more than 14 percent. The size of the orchestra was also reduced, from 106 full-time positions to 95.

The Association, according to the Philadelphia Inquirer's Peter Dobrin, spent “almost $10 million in professional fees and expenses” on the bankruptcy, and paid settlements of $1.75 million to the American Federation of Musicians Pension Plan, and $1.25 million to the Philly Pops in the process.

More than five years later, Musicians hoped that the Association would view the bankruptcy as a temporary means to regroup and ultimately restore the kind of budget that is necessary to fund a major symphony orchestra, rather than as a way to downgrade the musicians' contract permanently. More than five years later, we are still waiting.

* * * * * * * * * *

Contract talks at the Pacific Symphony (budget $20 million) have halted. Musicians’ Bargaining Committee Chairperson Adam Neeley states, “The Pacific Symphony is the only professional orchestra in the United States with any significant annual budget that does not provide a weekly wage or annual guarantee of wages to its musicians.” Neeley states further, “Musicians have no predictability of their income from week to week, month to month or year to year.”

* * * * * * * * * *

Who is next?