by Mike Masnick
Mon, May 23rd 2011 8:51am
As a whole bunch of folks have been sending over, RIAA President Cary Sherman made $3.2 million in 2009 -- the highest paid "non-CEO staffer who is a federally registered lobbyist in a tax-exempt organization" by more than double. Meanwhile Hypebot adds in the details that Sherman's official "boss," RIAA CEO Mitch Bainwol made "only" $1.6 million that year. Kinda makes you wonder what exactly the two of them did that deserves that kind of cash. Presided of an industry that's collapsing? Got Congress to pass new laws that didn't help and really only served to make things worse? This seems like pretty strong evidence that the labels, perhaps, should be giving less money to the RIAA. After all, we keep hearing about how the labels don't have enough money to invest in new artists these days. You could make quite a few new albums for $4.8 million. And I doubt the RIAA would do much worse without Sherman or Bainwol around. Hell, the RIAA could pay me half of that, and I'd actually help them move forward, rather than trying to keep pretending that they can bring back 1990.
If you liked this post, you may also be interested in...
- RIAA: How Dare The Internet Use The DMCA That We Wrote To Build Useful Services!
- Despite Massive Streaming Revenue Gains, RIAA Still Lying & Crying
- Homeland Security Admits It Seized A Hip Hop Blog For Five Years Despite No Evidence Of Infringement; RIAA Celebrates
- Early YouTube Musician Explains How Signing Major Label Deal 'Nearly Destroyed My Career'
- Funny How Recording Industry Only Likes A 'Free Market' When It's To Their Advantage