Pandora Executives Cash Another $3 Million In January…

dear mister Congressman,

please make a law so that artists don’t make me pay so much. If you don’t make this law they will take my radio player away.  Plus I won’t get my million dollars of allowance any more.

sincerely,
timmy w.

p.s. please don’t forget to make the law.

Pandora Executive Stock Cashouts, January, 2013.

Trimble, John: $1,055,067

Conrad, Tom: $849,240

Westergren, Tim: $795,694

Fleming-Wood, Simon: $117,000

Kavner, Robert: $90,644

Delida, Costin: $97,233

source: SEC filings.

9 Responses

  1. Casey

    I really don’t see what the problem is with company employees selling their stocks. Every company does this, especially when they have only been public for a relatively short time like Pandora. If I worked for Pandora and had a large amount of shares from when they went public, I would sell some too. Regardless of how Pandora was doing financially. You shouldn’t keep all your eggs in one basket.

    • Casey

      That will be up to Sound Exchange and the CRB to decide. Hopefully they will be more reasonable than they were in the past.

  2. @mattadownes

    Who is using Pandora over Spotify? Who is using Pandora over Sirius? I’m confused. Do they have a competitive advantage anywhere?

      • @mattadownes

        With the plethora of cool apps built right over top of Spotify, why would you pay for a system with limits like Pandora? I agree with you about Sirius being more expensive, but still not convinced that Pandora has a viable future. Where is their competitive advantage?

        • Casey

          They have a few advantages that I can see. The most important being the brand recognition. Almost everyone knows what Pandora is and when they think internet radio, they think of Pandora first. They have no shortage of users. Their December listening reports from Triton showed that they had nearly 1.5 million simultaneous listeners during the measured hours.

  3. Hereticus

    Doesn’t the subtext of this article miss the point?

    Cashing stock options is irrelevant to the overall principles around radio vs streaming rates, new business, and the evolving economy being considered. Wryly amusing perhaps, but irrelevant. And to attack the latter via what amounts to ad hominem slur seems pretty low brow journalism.

    At most it might indicate that they’re not confident about winning, and thus the future of Pandora, and so want to cash in a little quicker whilst they can. In a sense it actively supports their argument about the overall business being strangled.