NEW YORK (Hypebot) â€“ Lyor Cohens' new deal with Warner Music Group includes the following:
THE HYPEBOT CHALLENGE: Apple's Steve Jobs works for a base pay of just $1 per year. But stock options and bonuses awarded when the company soared have made him a very rich man. Label execs are fond of telling us "its all about the music". It's time they put their money where their mouths are.
Join me in challenging Lyor Cohen, Edgar Bronfman and other major label execs to follow Steve Jobs' example and re-set your base pay at $1 plus generous bonuses based on results. They've made millions from music. Now they need to give something back. I'll even pay the dollar.