Quoting the Crisis

26/09/2009

“ A number of top-level, highly-paid major label department heads are likely to be eliminated over the next few weeks, according to recent sources to Digital Music News.  One well-placed executive noted that the target is a department head whose salary is overblown, typically past $1 million annually.  “These types of compensation packages were signed in an earlier time, a different frame of mind; they can no longer be sustained,” the source relayed, while pointing to target packages within the “$200,000 to $300,000 range”going forward. „

Paul Resnikoff in Sources: Top-Level, Major Label Reductions Ahead… — Digital Music News

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