Anatomy of a Work Stoppage

At the heart of the dispute between the St. Louis Symphony’s managers and musicians are the dueling issues of fiscal sanity and competent oversight. The SLSO flirted with bankruptcy in 2000, a financial crisis brought on by years of dipping into its endowment and mismanaging the money on hand. In the years since that low point, the organization has raised $130 million, bolstered its endowment, and paid off a lot of debt. The musicians, who accepted major salary cuts to allow the SLSO to get back on its feet, now believe that they’ve earned the right to get back some of what they lost. The management insists that it isn’t yet financially stable enough to take that step.