In 2002, as the Edmonton Symphony Orchestra and the Calgary Philharmonic faced a financial crisis that threatens their very existence. Both organizations provided similar programming was about the same income, and were rooted in their communities, which were comparable in terms of population. However, the turnover is close to adoption by the Council of the two organizations have been dramatically different. Calgary Philharmonic seeks bankruptcy, fired CEO, hired consultants, sought emergency funding from the government and suspended the work for four months, during the restructuring period. In the end, it turned out successfully from bankruptcy. Edmonton Symphony Orchestra scraped through the crisis, continue to pay the musicians for their performances during the ongoing negotiation of new contracts, keeping its CEO, and not extortion emergency funding from the government. Three years after the crisis, the two organizations have been thriving, with new music director, a balanced budget, and the growth of charity funds. Essays on the history of the two bands and their repairs. "Hide
by Pratima Bansal, Tom Ewart Source: Richard Ivey School of Business Foundation 18 pages. Publication Date: May 15, 2006. Prod. #: 906M64-PDF-ENG
