Peter Gelb Pivots Metropolitan Opera Strategy Again; Company Withdraws $40 Million from Endowment
(Credit: Jonathan Tichler / Met Opera) The Metropolitan Opera has withdrawn $40 million from its endowment for additional emergency funds. According to a New York Times article, the funds were withdrawn to “survive one of the most trying periods in its 141-year history.” This is the second time that the company has withdrawn from its endowment in a year. Last {…}