WMG’S INNER WORKINGS REVEALED
Executive salaries have taken a nosedive, with Bronfman and WMG N.A. chief Lyor Cohen each earning a base salary of $1 million, with performance-based bonuses of between two-and-a-half to six times that.
Warner/Chappell Chairman/CEO Les Bider earns $1 million, and is eligible for that amount in bonuses. Exec. VP/CFO Helen Murphy has a salary of $750k, while EVP/ General Counsel Dave Johnson makes $700k. Both are eligible for bonuses equal to the average of the ones they received over the past two years.
Warner Bros. Records Chairman Tom Whalley was paid $2.2 million and earned a $3.5 million bonus last year.
WMG ownership figures show that Thomas H. Lee Partners are the largest shareholders at 49.8%, with Bain Capital at 21.3%, Bronfman’s Lexa Partners at 12.5%, Providence Equity partners at 11%, Edgar Bronfman Jr. at 2.9% and Lyor Cohen with 2.1%.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
