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Shares of WMG closed at $7.46 on Thursday (markets were closed for Good Friday). That compares to a valuation of $24.46 for the week ending April 24th, 2006, a 71.81 percent drop over the five-year span. On a financial basis, a recent deep-dive by Digital Music News revealed aggregate losses topping $10 billion over the past ten years.
Shares of WMG have routinely dipped below $5 over the past year, and shares hit a nadir of $1.68 on March 2nd, 2009. The company is currently entertaining consolidated buyout offers north of $3 billion.
(full chart available here)
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@jenniferthorpe Monday, April 25, 2011
jennifer thorpe
Dayum!
@Boydd57 Monday, April 25, 2011
Boyd DuPree
The obvious conclusion: it was all Eisley's fault.
@johnpstrohm Monday, April 25, 2011
John P. Strohm
Ten billion $ loss? Hope y'all enjoyed those bonuses.
@TheKrisSpecial Monday, April 25, 2011
The Kris Special
Good riddance. -nick
David Winterrose Monday, April 25, 2011
10 billion? Chump change.
@pakman Monday, April 25, 2011
The real question here is how much have the top execs paid themselves in cash comp, bonus, stock options and repriced options over this period. The number, I believe, would be shocking. Look at the selling by Bronfman, Lyor, etc.:
http://finance.yahoo.com/q/it?s=WMG+Insider+Transactions
@thedemolife Monday, April 25, 2011
D.E.M.O.
How much did execs pay themselves?
drhill Monday, April 25, 2011
http://www.themusicvoid.com/2011/02/warner-music-the-pillaging-of-a-once-great-record-company/
here is a link with ceo pay and subsequent downward spiral...
@YungFamous22 Monday, April 25, 2011
Yung Famous
damn!!!
@jamierowe Monday, April 25, 2011
Jamie Rowe
painful
@SandraStVictor Monday, April 25, 2011
Sandra St. Victor
@jessquire_usa Monday, April 25, 2011
jess ettman
good to know my company ios in financial ruin
@averywatts Monday, April 25, 2011
Avery Watts
Who wants a Major Label deal still?
@mediajorge Monday, April 25, 2011
Jorge
Yikes
@Icemanprod Tuesday, April 26, 2011
Iceman
WoW! That's scary!
@pat_bacon_mmm Monday, April 25, 2011
Baby Duckface
Related: exec wages increased 72%
Anonymous Monday, April 25, 2011
And how much did the top 5 or 10 people at the company make during that time? Just asking
@silverfilter Tuesday, April 26, 2011
silverfilter
Wow...
@rawknrollbarbie Monday, April 25, 2011
Michelle Coutois
Yikes, Who WANTS a Major Label deal?
@oldboycleveland Tuesday, April 26, 2011
oldboy
....this should tell you something
@TNUTP4L Tuesday, April 26, 2011
Tito rodriguez
THATS SAD
@dealsend Tuesday, April 26, 2011
Vlassis
How much did execs pay themselves?
@Valleyarm Thursday, April 28, 2011
Valleyarm
Yikes.
@leesafar Thursday, April 28, 2011
Lee Safar
WOW!
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