“Just days after his one-year anniversary on the job, New Jersey Symphony Orchestra president and CEO Simon Woods announced he will leave, effective July 1, to become chief executive of the 113-year-old Royal Scottish National Orchestra, based in Glasgow, Scotland… The news is devastating for NJSO, which is groaning under a $19.5 million debt, in part due to subscription sales that have declined 41 percent in four years. NJSO also is struggling to regain public credibility following the 2003 purchase of 30 rare Italian string instruments from New Jersey philanthropist Herbert Axelrod, who was sentenced in March to 18 months in federal prison for an unrelated tax fraud scheme.”