LABELS & PUBLISHERSUniversal Music shareholders have agreed a new pay package for boss man Lucian Grainge, which will see his basic wage reduced by more than two thirds to $5 million.
He will, however, be eligible for an annual performance bonus of $10 million, and is set to receive new stock options. So, you know, he’s not going to starve.
This new arrangement was originally revealed when the major renewed Grainge’s contract back in March, but has now been approved.
They also elected Haim Saban as a Non-Executive Director.————————————————–MEDIAThe European Broadcasting Union has rejected a request by Ukrainian president Volodymyr Zelensky to speak during the Eurovision Song Contest grand final tomorrow night.
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