One major label type with a certain degree of job security is Warner Music chief Edgar Bronfman Jr, though he does own a big chunk of the company which presumably helped. The Warner boss has renewed his contract as CEO of the company for another five years, according to a filing with the US Securities And Exchange Commission. According to Billboard, Bronfman Jr will stay on a million dollar a year contract with a bonus potentially six times that amount based on various performance targets. The new agreement also includes additional stock options. The new contract replaces that signed in March 2004 just after the Bronfman led purchase of Warner Music off Time Warner was completed.
Mar 18, 2008
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1 min read
Warner chief renews contract for five years
Warner Music chief Edgar Bronfman Jr has renewed his contract as CEO for five years, on a million dollar a year salary with bonuses potentially six times that, according to an SEC filing.