Preview

Who Is Peter Smith Micromanaging Keith Schmidt?

Better Essays
Open Document
Open Document
1069 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Who Is Peter Smith Micromanaging Keith Schmidt?
Overview
Give an overview of the case (i.e. who, when, where, and what is the problem or situation)
In 1981 Peter Smith became a member of the board of trustees of the MCA after being a long time donor and contributor. And in 1989 he became the board chairman. In 1989 the board hired Keith Schmidt as the MCA’s executive director due to his reputation to aid in the expansion of the MCA. Smith and Schmidt clashed on the speed of the expansion and their roles were not clearly defined. After a heated discussion over the expansion and Smiths disagreement with the boards decision to support Schmidt on the rate of growth Smith cut ties with the MCA. The MCA proceeded with the expansion of the MCA as envisioned by Schmidt. After a number of years have passed and the completion of the MCA expansion Peggy Fischer the new board chairman is faced with trying to collect on the pledge of 5 million dollars that the Smiths had made prior to his leaving the MCA. Peggy has to seek alternatives to try to collect because the MCA is a bind because the expansion is unfunded and the MCA is now in debt.

Question 1 Part A: Is Peter Smith micromanaging Keith Schmidt?
The relationship between Peter and Keith has not been an easy one. While Peter did tend to micromanage the day-to-day activities over exhibits and artist to
…show more content…
Peggy should try contacting the Smiths to try to convince them to honor their initial pledge to the MCA; however this will prove difficult not only due to the previously strained relationship but the newly developed health issues. Peggy can offer a payment plan to the Smiths as well and advise of the new FASB rules and the detriment that it imposes on the MCA. She can then see if a worded letter that was a fear tactic threatening a lawsuit that would enable her to have them fulfill some if not their entire

You May Also Find These Documents Helpful

  • Good Essays

    Comm 215

    • 848 Words
    • 4 Pages

    Monica Carrolls is the operations Supervisor of ABC Inc. but she seems to lacking the leadership skill to help this company move forward. With Carl Robins under her leadership she sets him free to work as he pleases. She did give Carl a task to fill and a time line but very little checkups on…

    • 848 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    A1. The Utah Symphony was recognized as a Group II orchestra. Group I and Group II are distinguished by the endowment amount and level of annual expenditures. For the year of 2001-2002, the average endowment for Group I orchestras was around $76 million and $8.8 million for Group II orchestras. The Utah Symphony came in just shy of $12.2 million in 2000-2001 and was projected to be upwards of $13.7 million for 2001-2002. That being said, the Utah Symphony was considered to be at the top end of Group II symphony orchestras in the United States (Ager & Delong, 2005). However, even with these strengths within the symphony, prior to the proposed merger of the two organizations, the Utah Symphony’s financial state was declining. There were several factors due to the weak financial state. The musicians were part of a union, which negotiated a contract requiring high salaries, benefits and annual pay increases, which would cause the organizations expenses to increase. So, while revenue was projected to increase, this was offset by the increase in expenses. The cash balance was $116,308 in fiscal year 2000-2001 and projected at $2,042 for the following year, yet another financial weakness. In order to ensure a successful start of the merger, Anne would need to would need to come up with a plan. She could start by addressing the musician’s salaries. By referring to the board, as well as union leaders, Anne can learn about the requests specifications of the last negotiation. When presenting a new contract, she can influence the musicians to either take a lower wage or not to take a pay increase by showing them the income statement and explaining that the life of the organization is dependent on cutting costs and increasing revenue. Through this, she can show how the organization will not be able to operate at a surplus if expenses continue to increase, offsetting the revenue earned. Eliminating pay raises could be…

    • 3111 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Jft2 Task2 2

    • 3827 Words
    • 11 Pages

    Some of the strengths in the Symphony’s leadership come from Keith Lockhart. Keith has a good rapport with the musicians that he employs. Keith also has great artistic visualization.…

    • 3827 Words
    • 11 Pages
    Better Essays
  • Good Essays

    As the meeting started the Chairman in charge Joseph Almeida introduced everyone on the board and then they started the meeting with a recall for a work session to be postponed but was immediately dismissed. Then they called up a woman who was sick from the last week and an assistant had come in to pass the…

    • 936 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    JFT2Task2TipsSeptember2013

    • 2445 Words
    • 9 Pages

    When considering leadership strengths and weaknesses your focus should be on the leader of the symphony, Keith Lockhart. What are his strengths and how would they improve his…

    • 2445 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    1. Is HMC’s recent payout policy consistent with the goal of preserving the real (adjusted for Harvard’s expense growth) value of the endowment and its distribution into perpetuity?…

    • 916 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Amanda Smith is an experienced accountant that gained an entrepreneurial spirit and decided to start her own accounting firm. The company, Smith’s Accounting and Tax Service started off well and began progressing in the right direction. Amanda hired an assistant named Lisa who was entrusted with many of the most important tasks within the business. Eventually Amanda decided to expand her business and enter the tax services field. Amanda decided that she would need to hire additional accountants to handle the additional workload that her expansion required. She…

    • 2430 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    Case Study

    • 2308 Words
    • 10 Pages

    At that point, Janet had already received her first Letter of Warning for overutilizating the benefit in January 2004, and by March of that year, she had received two Letters of Repriment for the same reason. Nevertheless, not having any extended family around, she had no choices other than taking care of her daughter herself. In hopes of being able to count with a more sympathetic supervisor, Janet got voluntarily transferred to another division of that Department in May 2004. As Amanda 's condition, became really severe and Janet 's overutilization of sick leave combined with her failure on following the requirements established by the Division 's Handbook (which required proper procedures when taking sick leave) had leaded to both verbal and written…

    • 2308 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Savage Beast Case Study

    • 290 Words
    • 2 Pages

    4. Corporate decisions – It is important for everyone in upper management to be on the same page and to agree on company decisions. When the founders of a company are not in agreement the entire company suffers. In this case, I think one of them leaving was a good decision.…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    How might this affect the strategic management process? I really don’t know the answer to this question. Except the way things are done now that Judy…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Desicussion Thread

    • 285 Words
    • 2 Pages

    Palmer is disappointed that his top assistant was being taken away from his project. However, after taking an objective view of the situation, Palmer would be able to realize it was the best move for the company. The situation was not working out because both teams were losing valuable work time from a valuable employee. Since management decided that Olds needed to be working on the Springfield Metals project, they needed to find a suitable replacement. Palmer needed to set up a meeting with management. With Crosby, Sands, Olds and Palmer attending the meeting, Palmer could voice his displeasure with how Crosby was attracting Olds with incentives such as golfing and baseball tickets. The meeting would hopefully end any future conflicts similar to the current one.…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    After said that, Mindy Alternot landed her first job as the administrator position at Seaside Convalescent Care Center, not knowing the massive amount of problem that facility has stored for her. As the new administrator Mindy was encourage to make major changes to help to turn around the poor reputation the facility had over the years. However, the facilities last survey was horrible, the inspectors found a number of deficiencies around the center that could cause "potential for more than minimal harm." Not only this hurt the facility reputation but also the center was fined $3,000 a day for non-compliance and hefty fine.…

    • 1530 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Peterson

    • 655 Words
    • 2 Pages

    Peterson’s overall performance in managing the public relations aspect of GMCT was not very good because he failed to build the necessary rapport with the community. He created a situation that ended up being more difficult than it needed to be to accomplish GMCT’s goals.…

    • 655 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Rockmont Case

    • 1482 Words
    • 6 Pages

    Jack Early was recently hired to be one of the higher-level managers. Jack had completed his M.B.A at one of the more well-known universities, and applied his knowledge and training, that he gained in school, to his work at Rockmont. He made such a good impression in a relatively short period of time, that he received many commendations and an early salary adjustment.…

    • 1482 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Political Paper

    • 604 Words
    • 3 Pages

    The meeting progressed as one of the council members stated that there were three speakers that day and they each had no more than six minutes to speak. The first person to speak was a man named Andrew Whitmore. He is the HOA (Home Owner Association) president and vice president of the executive board. He addressed the issue he had with the lots in the Brookhaven subdivision. He was upset that the city of Fairburn didn’t ask the Home Owner Association about their view on taking home lots away. He asked questions like, “Who gets the benefit? Where is the partnership of the city and the Home Owner Association?” As his six minutes were coming to an end, he stated, “Investors come and go. We are here for the long run.” After he was done speaking, a council member told him that he would get a statement back in writing.…

    • 604 Words
    • 3 Pages
    Good Essays