BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Despite a sinking stock and plummeting sales, top executives at Warner Music Group are still enjoying nosebleed compensation packages. Just recently, publicly-available SEC documents detailed an annual package of $3.4 million for company chief executive Edgar Bronfman, Jr.
Bronfman opted against a bonus package in 2007, a decision prompted by major album sales declines. But others gladly accepted handsome bonuses, including chief executive of US Recorded Music Lyor Cohen, who pulled a $4.6 million total payday. Michael D. Fleischer, chief financial officer, banked $3.2 million, while executive vice president Alex Zubillaga pocketed $3.05 million. Warner/Chappell Music chief executive David H. Johnson landed $1.45 million.
For the fiscal year ending September 30th, Warner Music reported losses of $21 million. The label group is planning its review for the quarter ending December 31st on Wednesday.
Comments Closed
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us