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Was RIAA chief really worth two million in 2008?
By CMU Editorial | Published on Wednesday 14 July 2010
There has been chatter in some quarters of the US record industry regarding the Recording Industry Association Of America’s wage bill after it was revealed what key execs at the trade body were paid in 2008. Top man Mitch Bainwol took home $2 million, while ten other execs were being paid over $200,000. Given the RIAA is primarily funded by the major record companies, was this a good use of their money?
Well, assuming your key aim as an industry is to hand over vast sums of money to lawyers to pursue litigation which everyone with a brain knows will achieve absolutely nothing in combating online piracy, and which will make the world at large (the whole world, not just the US) – including consumers, politicians, academics, journalists and even judges – believe you’re all a bunch of money grabbing cunts with no interest in the actual music you sell, then Mitch is your man, and Team RIAA are your guys.
So, money well spent Mr Sony, Mr Universal, Mr Warner and Mr EMI?
