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Monday, March 1, 2010

Eye on Elio

EYE ON ELIO: EMI’s Elio Leoni-Sceti is remaining calm under pressure, if we’re to believe the current cover story in the U.K. business mag Management Today, where the dashing Italian stallion is confident in the business plan he recently presented to Terra Firma in the hope of luring more investors before their $190 million loan from Citigroup is due at the end of the month. The former Proctor & Gamble brand manager explains the company is now concentrating on 360-degree deals with artists that involve “non-recorded income.” Concluded Leoni-Sceti: “If I was an investor, I would carefully scrutinize the business case for EMI… In the end, it depends on how risk-prone investors are. I’m staying focused on delivering a vision for this business—I’m very dedicated to EMI.” (3/1p)

 
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