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Lucian Grainge; executive vp Frank Briegmann; executive vp and general counsel Jeffrey Harleston; executive vp and chief people and inclusion officer Eric Hutcherson; United Kingdom and Ireland chairman/CEO David Joseph; executive vp marketing Andrew Kronfeld; executive vp/CFO Boyd Muir; executive vp digital strategy Michael Nash; executive vp/chief administrative officer Will Tanous; and Universal Music Publishing Group (UMPG) chairman/CEO Jody Gerson. The financial data drop, which Vivendi likely released in preparation for UMG’s expected to become publicly traded in late-September, does not specify how that $128.4 million was divvied up among the 11 executives. Were it distributed equally (it’s not), it would amount to an $11.7 million 2020 payday for each executive not enough to buy happiness, perhaps, but sufficient to purchase a yacht that would float pretty close. ....
Inside Track: UMG’s Executive Pay; Clive Davis Interviews Joni Mitchell Billboard 5/14/2021 UMG Executive Committee’s Big Payday Universal Music Group’s 11-person executive committee was paid a total of $128.4 million in short-term employee benefits most likely salaries and bonuses – in 2020, according to financial information released by the music group’s parent company Vivendi. When post-employee benefits and share-based payouts are added, that total jumps to $132 million almost double the $62.2 million paid to the executive team in 2018. According to the UMG website, the executive team consists of UMG chairman/CEO Lucian Grainge; executive vp Frank Briegmann; executive vp and general counsel ....
Music Business Worldwide February 2, 2021 Tanous will continue to serve as a member of the company’s Executive Management Board. In his new position, Tanous – who reports to UMG Chairman and CEO Sir Lucian Grainge – will retain his current responsibilities and add new ones involving several major strategic and corporate endeavors. Tanous joined UMG in 2013 as Executive Vice President of Communications, managing worldwide communications for UMG’s operations across more than 60 territories, and overseeing public policy and government relations, investor relations, special projects and events, and corporate social responsibility. Soon after, Grainge appointed him to the company’s Executive Management Board where he plays a central role in the development of UMG’s business strategy. ....