What Will Take For This Man To Get Fired?
Perhaps buoyed by the status upgrade for their stock from “revulsion” to “indifference”, HITS is reporting that Warner Music Group CEO Edgar Bronfman has been given a new five-year, $1 million-per-year contract, which can be extended indefinitely.
Edgar’s right hand man Lyor Cohen will also be given a five year extension. With both contracts, one has to wonder why, and it seems like Wall Street had the same thought, with WMG stock dropping to a near low. But hey, at least they’ve got Nickelback to rebuild the company around, right? [HITS Daily Double]