Thursday, June 30, 2011

The Worst People In The World

Are clearly the people who run my local orchestra.
The Philadelphia Orchestra Association accumulated $682,568 in legal fees and other expenses associated with its bankruptcy petition in the first six weeks after the filing, court documents show.

These fees, added to others in the run-up to the Chapter 11 filing, bring the tab to more than $1.6 million.

In its strategic plan, the association estimated that professional costs in the case would total $2.9 million, plus $3 million for settlement with creditors and $2.5 million to allow for a potential decline in ticket sales and donations.