Finance
The Big Five, er, Seven, er, Six
Tue, May 5, 2009
by Drew McManus
In anticipation of June’s annual Orchestra Compensation Report update, it is always fun to take a look at some of the issues that don’t usually make it into those reports. One item of particular interest is related to the practice of projected base musician salary levels. For those unfamiliar, orchestras negotiate collective bargaining agreements (CBA)
IMG Artists Chairman Guilty Of Securities Fraud
Thu, Apr 4, 2009
by Drew McManus
The 4/15/2009 edition of The Dallas Morning News published an article by Brendan Case that reports former Dallas hedge fund manager Barrett Wissman “pleaded guilty to securities fraud in connection with his role in an alleged kickback scheme involving New York state’s largest pension fund.” In 2003, when talent management agency IMG decided to jettison
Do We Need A New Business Model?
Fri, Apr 4, 2009
by Drew McManus
At least, that’s the question posed by Peter Dobrin in an article he wrote for the 4/5/2009 edition of the Philadelphia Inquirer. The quick answer is no, but Dobrin’s article is representative of the normal sort of reservation and introspective analysis that accompanies any sort of unexpected critical event. In this case, the predicament is
News Of Phoenix’s Budget Troubles (sort of)
Fri, Apr 4, 2009
by Drew McManus
The 4/1/2009 edition of The Arizona Republic published an article by Jahna Berry that reported news about revenue woes at the Phoenix Symphony Orchestra (PSO). Unfortunately, the article is short on details although it does report about some revenue shortages. At the same time, there is mention of some cost cutting measures already enacted by
Additional Fallout From The IMG Artists Scandal