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By Syndicated Content Geffen Hard Promises, was released on May 5, 1981, 40 years ago today. The album peaked at #5 on the Billboard Hot 100, and featured the jangly, Byrds-inspired “The Waiting,” which reached #19 on the Billboard‘s Mainstream Rock chart. Hard Promises‘ release was delayed because Petty’s record label wanted to sell it for $9.98, one dollar more than the usual price for an album at the time. Tom was so against the idea that he threatened to call the album Eight Ninety-Eight, but the label eventually decided not to increase the price. The album features Stevie Nicks duetting with Petty on the song “Insider” and also lending backing vocals to another track, “You Can Still Change Your Mind.” The tunes were recorded around the same time Petty and Nicks recorded their hit duet “Stop Draggin’ My Heart Around” for her album

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