What a Warner Music Group Executive Makes These Days…
Last year, Warner Music Group lost $190 million, with total losses over the past five years topping $695 million. Here’s what the top executives at Warner were paid last year, according to SEC filings.
Warner Music Group.
Fiscal Year 2012.
Total Earnings/Losses: —$190 million
Stephen Cooper (CEO)
Salary+Bonus: $4.3 million
(Annual Expense Account: $1.8 million)
Lyor Cohen (CEO, Recorded Music)
Salary+Bonus: $14.0 million
Cameron Strang (CEO, Warner/Chappell)
Salary+Bonus: $2.32 million
Brian Roberts (EVP, CFO)
Salary+Bonus: $1.078 million
Stephen Macri (EVP, CFO)
Salary+Bonus: $1.571 million
Paul Robinson (EVP, General Counsel)
Salary+Bonus: $1.67 million
Edgar Bronfman, Jr.
(Chairman of the Board, January 2012)
Retainer for 1 month: $356,871
Warner Music Group losses, 2002-2012: —$9.626 billion.
Source: Digital Music News