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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.
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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
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