GM as in, of course, Gérard Mortier.
The New York Times on NYCO's red sea:
During Ms. Baker’s tenure, City Opera has raided its endowment — which
now stands at $16 million, down from $57 million when she was appointed
in December 2003 — to pay off debts and cover operating expenses.
...
“I don’t see how they could not close,” said Robert W. Wilson, a former City Opera chairman who now serves on the Metropolitan Opera board. “There is a slight chance that they can remain open, but where would the money come from?”
...
“I don’t see how they could not close,” said Robert W. Wilson, a former City Opera chairman who now serves on the Metropolitan Opera board. “There is a slight chance that they can remain open, but where would the money come from?”