Troyens

Troyens

Thursday, September 26, 2013

As I Was Saying....

Unless someone comes along to rescue NYCO, the company expects to enter bankruptcy proceedings next week.

The Times article, by new-ish writer Michael Cooper, was kind to George Steel, omitting the following godawful stupidity that the Washington Post published:
“It’s incredibly difficult to run an organization of this size with our eye so closely fixed on the week-to-week cash flow. It saps the energy of the staff and frankly it undermines the bigger point, which is that the company by any measure in better financial shape than it has been in a long time,” City Opera general manager George Steel said. “We’ve been creating some of the best work we have ever done, but what we cannot do without is the capital to make our shows happen.”
No, George, when your company is one week from bankruptcy, you cannot describe it as "in better financial shape than it has been in a long time."


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