Anda di halaman 1dari 7

Timeline:

According to documents available to the Musicians dating back to 2009 we have found the following concerns wed like to share with the board. From January 14, 2009:

In February of 2009, the projections of losses were off by millions, and Jon Campbell suggested the Orchestra had a serious liquidity challenge.

At the September 14, 2009 Executive Committee meeting current chair Jon Campbell, and past Chair Richard Davis supported hiding large deficits in the downturn as to not negatively effect the public perception of the Orchestras plan to build a new hall and secure funds from the Legislature.

And may have been done to mislead the Legislature:

In April of 2010, the Finance Committee expressed that reporting deficits could still impact the bonding proposal at the Legislature:

In the April 2010 meeting of the Executive committee, it was noted that there was a plan to reduce revenue by $2.7 million and that endowment draws were only .7 percent away from the goal of 5 percent:

In September 2010, staff indicted they were deferring expenses related to BFF:

In September 2010, before the Musicians had considered even hiring a lawyer for negotiations, management hired Padilla Speer Beardsley to prepare for negotiations:

In March of 2011, the Board Minutes Financial updates indicates that the Finance committee said that board donations had been stable year over year.

The Auditors Report dated November 22, 2011 directly contradicts this the Finance Committee update of March 11, 2011. From the audit by Larson Allen:

On September 12, 2011 Board Chair Jon Campbell informed the committee that were identifying public relations issues with regards to what size of deficit to report.

On September 16th, 2011, the Finance Committee deferred the deficit report to a public relations firm.

On November 2nd, 2011 at the Board of Directors, Jon Campbell reported

how the deficit reported would be $2.9 million but that $4.3 million would be withdrawn from the endowment.

In March of 2012, the Finance Committee reviewed the proposed contract and were briefed on how the Detroit Symphony dealt with a work stoppage. This was before the contract had been presented to the Musicians or the first meeting of the Musicians and Management.