MUTUAL BENEFIT ORGANIZATION
“Manhattan Club Plans a Financial Rebirth.” Wall Street Journal. April 8, 2013. The curtain isn’t coming down on the Players Club anytime soon, club president Johnnie Planco said at a news briefing on Monday. The financial stability of this theater-centric club, founded in 1888 and located on Gramercy Park, had been called into question by members, some of whom formed a committee in October 2011 to investigate the club’s affairs. The committee reported its findings at a club meeting on March 14, alleging that the institution was having trouble paying its bills, raising revenue and maintaining a consistent membership base, which is said to be about 550. Last Thursday, the club’s executive director of nearly 20 years, John Martello, resigned, and the club announced his departure in a statement the following day. Mr. Martello didn’t return a call requesting comment. “We are beginning a process this week of forming a search committee to find a new general manager and to re-staff and reorganize the office,” said Mr. Planco, who said he expects the search to take about a month. “We are open for business.” Priorities for the future include increasing patronage of the club’s rental spaces and bars, as well as increasing membership to 1,000. The club also faces a facade renovation that has stalled due to financial pressure, Mr. Planco said. “The club has had financial issues for a few years,” he said, though did not specify how many years. The club is currently facing a $26,000 penalty for temporary failure to pay its workers’ compensation insurance, a spokeswoman for the New York State Workers’ Compensation Board said Friday.
“Tap Night tradition continues.” By Cynthia Hua. Yale Daily News. April 12, 2013. A junior in a leprechaun costume, complete with shoes and top-hat, hid behind a tree outside Jonathan Edwards College Thursday night waiting to be inducted into one of Yale’s senior societies. Throughout the evening, cloaked figures descended on campus, rushing to initiation events, dropping off mysterious packages and generally drawing attention for their antics. In an email to the campus Sunday evening, Dean of Student Affairs Marichal Gentry told students to follow undergraduate regulations — which prohibit “activities that involve indecent exposure, extreme mental stress, blindfolding, confinement, assault” and several other activities — during society Tap Night on April 11. “If you’re tapping new members, I’m counting on you to provide leadership to them, by showing them how to plan a big event and play by the rules,” Gentry said in his email. “If you are being tapped, I’m counting on you to speak up and refuse to participate if anyone asks you to break rules or laws, violate your conscience, or risk your safety.” Gentry also said he knew “how exciting Tap Night [could] be” and hoped students would enjoy the event.