Sunday, July 18, 2010

money money money

The top bosses at RIAA (Recording Industry Association of America) have been attracting some heat recently, with stories on their massive legal bills and such like hitting the web.

Digital Daily News reports that RIAA "chief exec Mitch Bainwol pulled in more than US$2 million in salaries and bonuses....
... Major labels are picking up the tab on Bainwol’s salary even as their own revenues continue to drop. Other reported RIAA salaries during the same period include President Cary Sherman ($1.3m), EVP International Neil Turkewitz ($696k), EVP Government and Industry Relations Mitch Glazier ($566k) and EVP/General Counsel Steven Marks ($562k). In addition, there are seven other staffers with compensation ranging from $200k to $500k."

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