Members blue2blue Posted June 12, 2014 Members Share Posted June 12, 2014 The RIAA’s chief executive Cary Sherman makes 1 million in salary and about one half million in bonuses. On a revenue of $24.2 million. Math whizzes among us will note that's just about 1/16 of the revenue. However one feels about piracy (and I'm no fan in the slightest), this seems to be just one more exemplar of why, of the billions people spend on music each year, that the overwhelming mass of that money goes into the pockets of non-musicians and, mostly, non-creatives, that is to say money-handlers, lawyers, managers, execs, and other music biz bagmen and parasites. Link to comment Share on other sites More sharing options...
Members guitarville Posted June 13, 2014 Members Share Posted June 13, 2014 Not sure if them figures are right, they seem very low to me. Link to comment Share on other sites More sharing options...
Members Nijyo Posted June 18, 2014 Members Share Posted June 18, 2014 Not sure if them figures are right, they seem very low to me. Yeah that sounds like a "someone got profits and revenues confused" sort of number, to me. Link to comment Share on other sites More sharing options...
Members blue2blue Posted June 19, 2014 Author Members Share Posted June 19, 2014 Same numbers, different source: http://www.digitalmusicnews.com/perm...6-million-year Link to comment Share on other sites More sharing options...
Members Anderton Posted June 19, 2014 Members Share Posted June 19, 2014 Well given how much business has improved in the record industry, clearly he's worth every penny. Also the way he ended piracy was absolutely brilliant. Link to comment Share on other sites More sharing options...
Members Nijyo Posted June 19, 2014 Members Share Posted June 19, 2014 Wow. Link to comment Share on other sites More sharing options...
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