Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,335.30 -19.12 -0.12%
S&P 500 1,666.29 -1.18 -0.07%
Nasdaq 3,496.43 -2.53 -0.07%
Ticker Volume Price Price Delta
STOXX 50 2,810.25 -14.25 -0.50%
FTSE 100 6,766.28 +10.65 0.16%
DAX 8,434.87 -20.96 -0.25%
Ticker Volume Price Price Delta
Nikkei 15,381.00 +20.21 0.13%
Hang Seng 23,366.40 -126.66 -0.54%
S&P/ASX 200 5,180.06 -28.98 -0.56%

Carnegie Hall Stagehand Receives $500,000 in Pay Following Cuts

Money was so tight at Carnegie Hall during the recession that even its stagehands took a hit.

Dennis O’Connell, who oversees props at the New York concert hall, saw a 4.5 percent drop in pay and benefits in 2009 to $500,368, according to Carnegie Hall’s tax return. The four other full-time stagehands made an average of $410,438, down 7 percent from a year earlier.

Neither Carnegie Hall nor the stagehands’ union -- Local One of the International Alliance of Theatrical Stage Employees -- has provided details on the composition of stagehand pay. Producers and staffers say stagehands work long hours, with ample opportunity for overtime pay. They move equipment in and out of the hall, prepare its three stages for performances and operate audiovisual equipment.

“Their pay always varies each year as it is dependent on number and type of events produced,” said Synneve Carlino, a spokesman, in an e-mail. She declined to be more specific.

Carnegie Hall reduced operating expenses 8 percent in the year ending in June 2010, Vice Chairman and Treasurer Klaus Jacobs said in its most recent annual report. The previous year, net assets dropped by 17 percent, or $70 million, to $331.6 million.

In 2009, the executive and artistic director, Clive Gillinson, saw his pay and benefits fall 7.5 percent to $893,360. Carlino said Gillinson’s $800,000 base pay was unchanged from a year earlier, and the decline was due largely to his retirement plan vesting. Anna Weber, general manager, earned $347,367, down 3 percent.

Chief Financial Officer Richard Matlaga got a 12 percent increase to $386,461, including pay, deferred pay and benefits.

Son-in-Law

Another winner was the architectural firm Iu & Bibliowicz, co-owned by Natan Bibliowicz, the son-in-law of Carnegie Hall Chairman Sanford Weill. The firm, which oversees the expansion into two towers above the hall, received $3.1 million in 2009- 2010, following $5.3 million over the previous two years. The sum includes fees paid to subcontractors, Carlino said. She declined to provide a breakdown.

The hall’s annual report indicates it’s on firmer footing than it was a year earlier. In 2009-2010, contributions to Carnegie Hall jumped to $58.8 million from $11.3 million. Net assets rose 16 percent to $385.3 million.

To contact the writer on this story: Philip Boroff in New York at pboroff@bloomberg.net.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

Carnegie Hall

Scaffolding around Carnegie Hall in New York. Photographer: Paul Goguen/Bloomberg

Enlarge image Carnegie Hall

Carnegie Hall

Carnegie Hall

Jade-Snow Moy/Bloomberg

The exterior of Carnegie Hall in New York. Chief Financial Officer Richard Matlaga got a 12 percent raise to $386,461 in pay and benefits.

The exterior of Carnegie Hall in New York. Chief Financial Officer Richard Matlaga got a 12 percent raise to $386,461 in pay and benefits. Photographer: Jade-Snow Moy/Bloomberg

Carnegie Hall

The interior of Carnegie Hall in New York. The famed venue reduced operating expenses 8 percent in the year ending in June 2010. Photographer: Jeff Goldberg/Carnegie Hall via Bloomberg

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link