San Diego Opera says its boss will get no payoffmain
The chair of San Diego Opera, which has shut down abruptly, has issued a strong statement denying that the closure was designed to protect the pension pots of its chief executive Ian Campbell and his ex-wife Ann. The Campbell couple earned $800,000 a year from the company, equal to five percent of its budget.
‘They will not get retirement funds,’ said Karen Cohn, and that includes medical coverage and severance. ‘There is no golden parachute. They are both devastated, their reputations are tarnished, there is talk of misappropriation of funds (entirely untrue)’. Ann Campbell, she specified, stops getting paid in April. Ian will be paid until the company is dissolved.
The reason the show had to stop, she added, is because the money San Diego received from Joan Kroc ran out. San Diego had been eating Big Macs all these years. If another restaurant widow turned up, Ms Cohn would be happy to restart.