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Shrinking Salaries for Major Label Execs; Another Win for the Internet

Tiny Mix Tapes (Free subscription) | 08/25/2008

A report in The New York Post (via The Daily Swarm) claims that the salaries of major record label executives are quickly diminishing. Chief Executive of EMI Music Elio Leoni-Sceti is reportedly paid less than $1 million a year for his work (aw, c'mon!), while Warner Music CEO Edgar Bronfman Jr. has a base pay of $1 million, with the opportunity to make up to $6 million (should be way...

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Major label executive salaries shrink...

The Daily Swarm (Free subscription) | 08/18/2008

Music industry executives have lost more than just the power to generate million-album sellers and higher CD sales – gone too are the hefty salaries the free-spending music business used to lavish on their leaders. For example, Elio Leoni-Sceti, the chief executive of EMI Music, is said to be paid less than $1 million a year plus incentives – which pales in comparison to the $18 million...