Drew McManus on the Orchestra business | est. 2003

Philadelphia Orchestra

With Savings Like These, Who Wouldn't Want To File For Bankruptcy?

Tue, Jul 7, 2012
Bankruptcy Hard Sell
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.

With Savings Like These, Who Wouldn’t Want To File For Bankruptcy?

Tue, Jul 7, 2012
Bankruptcy Hard Sell
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

Wed, May 5, 2012
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

Tue, May 5, 2012
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

Thu, Mar 3, 2012
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
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