This article is from the New York Times Arts Section today.
Make certain you read it.
It is about the legalized pilfering of playwrights by certain non-profit Theatres. Some of these non-profit Artistic Directors get paid hundreds of thousands a year, plus pension plans, health insurance, expense accounts for travel, meals entertaining, and they are taking money from a playwright's pocket?! Why don't they also just go out and mug little old ladies after they attend a Sunday matinee?
Yes the theatres can do some good work, but to paraphrase the Bible's "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"
I say, "What does it profit your soul, if you lose the value of your Royalties?"
Remember, if you are a pushover, people are waiting in line to push you over.