Sure, I'll accept that addition. But my point was that while the top
executives of companies do get huge salaries, it's the percs and
extras that makes them millionaires. Surely we've seen that with the
recent financial meltdown, and the salaries and bonuses that have
been paid to executives who caused the whole fiasco! And yes, both
their stated salaries and their additional benefits obviously have to
come out of profits. Where else?!! But in the traditional
bookkeeping of the recording industry, income is one thing, profits
is another, and the entire discussion hinges on the fact that the
recording artists don't get their fair share until their own expenses
have been amortized.
John
At 11:03 AM +1000 7/11/10, Graeme Gerrard wrote:
On 11/07/2010, at 9:49 AM, John Howell wrote:
Can I insert a little word into your statement, which will make it accurate?
At 5:44 PM -0400 7/10/10, dhbailey wrote:
I perhaps spoke incorrectly -- it was the record company
executives which got fabulously wealthy. Of course, the labels
did, too, or the larger conglomerates wouldn't have started buying
them up.
Well sure, but they don't do it [just] through obscene profits,
they do it through stock options and the increase in their value.
See 'Bill Gates.' Or 'Steve Jobs.'
Until someone in their company screws up and the stock goes down.
See either 'Toyota' or 'BP,' your choice.
John
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John R. Howell, Assoc. Prof. of Music
Virginia Tech Department of Music
College of Liberal Arts & Human Sciences
Blacksburg, Virginia, U.S.A. 24061-0240
Vox (540) 231-8411 Fax (540) 231-5034
(mailto:[email protected])
http://www.music.vt.edu/faculty/howell/howell.html
"We never play anything the same way once." Shelly Manne's definition
of jazz musicians.
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