Lyric latest: Musicians hit Freud below the money beltUncategorized
From the musicians’ latest statement:
‘Freud and Lyric’s upper management have exploded the budget from $60.4 million in 2012 to $84.5 in 2017. Where has that $24 million gone? Certainly not to the orchestra. As we’ve pointed out, the orchestra’s share of the budget shrank from 14.6% to 11.9% during that time.
‘Here’s one clue: while the musicians’ salaries have stagnated, Freud’s has not. He saw a compensation increase of 18% from 2014 to 2017. In 2016 alone, right after the orchestra musicians agreed to a wage-neutral contract with health care cuts, Freud got a 16% raise. His annual salary last year was a staggering $784,387 – roughly 12 times a musician’s base salary of $65,912 this year.
‘Consider this simple fact: each orchestra musician stands to lose at least $6,000 this year as a result of Freud’s proposed cuts. He makes that much in just three days.’
Steady on. You guys are going to have to work together again some day.