 The Clarinet BBoard
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Author: kdk ★2017
Date: 2011-04-14 01:59
They aren't talking about going out of existence. They just want protection from their pension obligations.
Karl
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Author: kdk ★2017
Date: 2011-04-15 14:23
Two more articles in today's Inquirer:
http://tinyurl.com/4323eh7
http://tinyurl.com/3pg7r9r
It's interesting that there is a no-strike clause in the current contract which would be nullified if the orchestra management declares bankruptcy. Makes me wonder if, apart from trying to get out of the pension plan, the orchestra board is actually trying to provoke (and enable) a strike as a cost-saving tactic.
Karl
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Author: Tobin
Date: 2011-04-16 18:03
" 'The beauty of Chapter 11, what makes it so interesting, is that the lawyers and all of the parties custom-make a solution," [Marie T. Reilly, associate dean for Academic Affairs and law professor at Penn State] said. "It's like commissioning a piece of music. You make a symphony that is appropriate for this group of people.' "
I bet that's how the musicians feel about it.
James
Gnothi Seauton
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Author: Ken Shaw ★2017
Date: 2011-04-16 18:45
This probably means that Ricardo is definitely coming to the NY Philharmonic, or maybe not.
Ken Shaw
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Author: glin
Date: 2011-04-17 01:03
While channel surfing this evening, the ticker on the Fox News channel indicated the Orchestra was going to file for Chapter 11 and business ops and concerts are going to continue.
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