September 18, 2012 | 
On 9/17/2012, reader Jonathan Gresl posted a comment to ask if I could write an overview of the differences between defined benefit and defined contribution retirement plans and how they interact with the field. That’s an excellent question and I’m happy to oblige.
Tag Archives | Philadelphia Orchestra
How Troubled Orchestras Can Bounce Back And Flourish
WQXR’s latest podcast from their Conducting Business series, which focuses on issues affecting the classical music landscape, includes a discussion about the state of American orchestras and the current rash of labor disputes. The panel includes host Naomi Lewin, Graydon Royce, music critic at the Minneapolis Star-Tribune, Jesse Rosen, president and chief executive of the League of [...]
With Savings Like These, Who Wouldn’t Want To File For Bankruptcy?
On 6/28/2012 the Philadelphia Orchestra Association (POA) issued a press statement announcing confirmation of its plan to exit Chapter 11 bankruptcy protection. What might catch your attention is the second paragraph, which conveys how much the POA will save as a result of filing bankruptcy.
Collateral Damage
Yesterday’s post about the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) $1.75 million pension obligation settlement with the Philadelphia Orchestra Association (POA) generated some intriguing feedback. In particular, one comment stands out in that it brings up some relevant issues regarding how all of this may impact other orchestras that are part of [...]
Debt Is Only The Beginning
The 4/25/2012 edition of the Philadelphia Inquirer published an article by Peter Dobrin that reports the dispute between the Philadelphia Orchestra Association (POA) and the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) has officially come to a close. For those unaware, the AFM-EPF had been screaming bloody murder that the POA owed as much as [...]
Compensation Déjà vu Philly Style
It is worth noting that the current brouhaha over the Philadelphia Orchestra Association’s (POA) decision to extend President and CEO Allison Vulgamore’s contract for three years along with a list of perks and restored bonuses isn’t the first time the organization caught heat over executive compensation. In 2004, the POA (led by former board chair [...]
Musicians Aren’t The Only Stakeholder You Should Worry About
Following last week’s news about the Philadelphia Orchestra Association (POA) President and CEO’s contract extension, a good bit of negative feedback has popped up by way of culture blog readers at a number of outlets. Although much of the criticism is focused on the long list of executive perks, deferred payments, bonuses, etc. and the [...]
The “Gruesome Details” Of Philly CEO Renewal
On 2/29/2012, the Philadelphia Orchestra Association (POA) issues a two page press statement announcing a multi-year contract renewal for President and CEO Allison Vulgamore. Music critic Norman Lebrecht reports that the deal will require approval from the bankruptcy court then, in turn, refers to an article on the matter by Philadelphia Inquirer music critic Peter [...]
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