Saturday, August 25, 2012

Whatever Isn't Nailed Down

We are in the grifter economy.
While the Atlanta Symphony Orchestra built up a projected $19.8 million in accumulated debt over the past decade, the salaries of its top executives have doubled and even tripled since 2007.

According to 990 forms submitted to the Internal Revenue Service by the Woodruff Arts Center, the salaries of all top Woodruff officials dramatically increased in 2008, including ASO executives. The compensation package for then-ASO President and CEO Allison Vulgamore, for example, went from $248,267 in 2007 to $553,294 in 2008.

And the Vulgamore came to Philly and spent millions of dollars to put the orchestra into bankruptcy.