Ballet San Jose Back From The Brink

“Silicon Valley electronics retailer John Fry has stepped in to rescue the financially battered Ballet San Jose Silicon Valley with a $1 million contribution and an extraordinary commitment to take over the board chairmanship. The gift is the largest single contribution in the ballet’s history and comes after a recent audit showed its deficit hovering at $1.5 million… The $1 million check was hand-delivered by Fry late Wednesday. According to [company CEO Charles] Hart, the ballet began writing checks to its creditors Thursday.”