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
Is $2 million a reasonable annual take-home for the head of the RIAA? And, is it also reasonable for more than ten staffers and executives to be making between $200,000 and $1.33 million? "Absolutely," according to RIAA senior vice president of Communications Jonathan Lamy, himself earning nearly $299,000 in year-2008. "Look at what top trade association chiefs in DC make," Lamy told Digital Music News. "The market for the select few folks who have the political and leadership qualities to lead high profile organizations. That's the barometer."
Lamy also noted that Bainwol's salary is now closer to $1.5 million, making 2008 a bulge year. Additionally, the executive pointed to recent staffing cuts, though it remains unclear if that justifies the top-heavy payouts. "We are half the size we used to be," Lamy continued. Indeed, labels have put pressure on the RIAA, IFPI, BPI, and others to compress or merge over recent years.
But wait, there's more. Dig a bit deeper into the year-2008 IRS filings, and some hefty payouts to outside law firms also surface. That includes Holme Roberts & Owen LLC, which pursed $9.4 million that year, and Jenner & Block, which billed $7.1 million. Those firms were most likely handling chores like John Doe lawsuits and court cases involving accused swappers.
Complete IRS filings here.
Comments Closed
bydesign Tuesday, July 13, 2010
of course! give me $300K to be a pr guy, I'll say whatever you need. but these are just hangovers from the past. In actuality, most of these people will face income declines over the next 5-10 years, esp. if they remain in the industry - which most will not.
jbedbus Tuesday, July 13, 2010
Talk about an absolute loss of perspective: POTUS receives a total annual compensation package of $569k. Like the man or not, the position is the single most critical job in the entire WORLD. Yet these goofs feel they are somehow more valuable. Stupid.
Perspective? Tuesday, July 13, 2010
"By: jbedbus:
Talk about an absolute loss of Perspective: POTUS receives a total annual compensation package of $569k. Like the man or not, the position is the single most critical job in the entire WORLD. Yet these goofs feel they are somehow more valuable. Stupid."
Interesting that this poster phrased this as "loss of perspective."
Obama's income - according to HIS filings:
This is from the Obama tax return for 2008:
The couple paid $855,323 in federal income tax and $77,883 in Illinois income taxes. Obama earned $2,603,448 from book sales and $139,204 in Senate salary. Michelle Obama was paid $62,709 by the University of Chicago Hospitals.
For 2007, it was reported as $3.9 million net profit from books. A sum that dwarfed their combined salaries of $260,735. They paid nearly $1.4 million in federal taxes last year and claimed to have contributed $240,370 to various charities.
...and those numbers are going to be absolutely dwarfed by what he will earn starting the minute he leaves the White House.
I'm not defending Bainwol and other RIAA employee's salaries here. I think they need to be reduced, too. But folks, let's make some reasoned arguments in favor of that, OK?
sford Tuesday, July 13, 2010
all the while Jim Urie and his ilk is running around crying that DOWNLOADING is killing the industry!
scoff!!!
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