 The Clarinet BBoard
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Author: Ken Shaw ★2017
Date: 2011-03-01 16:46
A great pity. Classical music is circling its death-bed.
In the silver-lining department, this may push Ricardo to make the jump to New York.
Ken Shaw
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Author: Ed Palanker
Date: 2011-03-01 17:14
They must be the same type of Republicans as are in Wisconsin, NJ. and a few other states trying to take away the benefits of the workers in their state. Philly has an endowment of over 100 million and no debt and yet they want to declare bankruptcy so they can relive themselves of their pension obligations and cut the size of one of the great orchestras of the world, unreal.
ESP eddiesclarinet.com
Post Edited (2011-03-01 17:15)
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Author: Lelia Loban ★2017
Date: 2011-03-02 12:35
Behind all this anti-union fervor lurks the Republicans' gaining a majority in the U.S. House of Representatives in the last Congressional election. Emboldened by the ultra-right Tea Party, those who've been anti-union all along now see their chance to get away with exploiting the workers while implying that anyone who talks about "the workers" must be a socialist.
Well, what goes around comes around. Soon voters will have another opportunity to fire Republicans whose pretense of being of the people, by the people is a highly successful scam to benefit their buddies and benefactors, the kleptocrats. "In unions there is strength." Show up at the polls, folks. Voting the right-wingers out would send a strong message to the private sector as well.
Lelia
http://www.scoreexchange.com/profiles/Lelia_Loban
To hear the audio, click on the "Scorch Plug-In" box above the score.
Post Edited (2011-03-03 14:20)
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Author: graham
Date: 2011-03-02 15:05
Are they legally able to draw on the endowment or must they draw only on the interest?
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Author: DougR
Date: 2011-03-02 18:51
Bankruptcy--last refuge of an incompetent "management."
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Author: grifffinity
Date: 2011-03-02 20:37
Quote:
Are they legally able to draw on the endowment or must they draw only on the interest?
Usually, a board vote is required to allow an organization to draw on the endowment principle. In normal operations, you can usually draw from the interest without a vote .
Philly is in a decent financial situation - we will have to see if the court will grant a bankruptcy since they have such a healthy endowment. Seems like a lot of lawyer bullsh*t gambling to me.
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Author: Jack Kissinger
Date: 2011-03-03 03:44
http://www.mcf.org/publictrust/faq_endow
See, in particular, Q7. Whether the orchestra can spend the principal of the endowment depends on who restricted the funds in the first place. If donors restricted the funds, the organization normally must follow their wishes. If, however, the Board created the "Endowment" from unrestricted funds ("board-created endowment"), the Board can vote to remove the restrictions it imposed.
Best regards,
jnk
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Author: Pastor Rob
Date: 2011-03-03 06:32
Name calling makes this board less interesting. I would much rather hear about your music than your politics.
Pastor Rob Oetman
Leblanc LL (today)
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Author: Tobin
Date: 2011-03-03 12:13
So discussions of unionization (which factors heavily into orchestral management) and politics (when the Republicans are looking to eliminate spending on the arts) are unacceptable because you don't find it palatable?
Search the BB for Lelia's comments and you'll find an overwhelming amount of musical discussion.
Otherwise don't fuss with people's content unless you find it offensive or against the rules of the BB.
James
Gnothi Seauton
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Author: Mark Charette
Date: 2011-03-03 13:17
Tobin wrote:
> So discussions of unionization (which factors heavily into
> orchestral management) and politics (when the Republicans are
> looking to eliminate spending on the arts) are unacceptable
> because you don't find it palatable?
Please remember that both Glenn and I are the arbiters of what strays across into the devisive political arena, not anyone else, and yes, sometimes we remove posts that go too far in our opinion.
If one can read past the bombastic rhetoric and spurious statitistics presented by involved sides in any political discussion one might actually learn that there IS more than one side, whether or not all the points are agreeable. Mostly what I see is reaction without thought.
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Author: Tobin
Date: 2011-03-03 13:56
I agree there is more than one side, and that neither point is as clear and easy as they would like the it to be believed. This is true for the Philly Orchestra, the various Union battles, and any deficit reduction proposed by either party.
I don't mean to usurp your authority as moderator, and I'll manage my statements better in the future. I would like to think that responding to the dismissive comments above are not out of bounds. You and GBK are obviously the determinators of that as well.
Thank you for all the work that you do,
James
Gnothi Seauton
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Author: clarinetwife
Date: 2011-03-04 01:39
I expected most people on this board to disagree, my concern is we all need to be real about the dangers of bankrupting our children and grandchildren. But, my post is gone, so that's it I guess.
And, I've been happily playing on my Rovner and Grand Concert Thick 3.5s for a long time.
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