New boss puts Cleveland in the redmain
After four years of consecutive surplus, the Cleveland Orchestra has posted a $2.4 million deficit for 2016, its first year under the leadership of Andre Gremillet.
Some of the loss was incurred in the Miami residency. And the endowment shrank in vaue by 4.4 percent.
Strange statement on the deficit from the orchestra’s board president Dennis LaBarre: ‘We face our challenges… We could have made [it] go away, but we want our challenges to be out there to incentivize ourselves to overcome them.’