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...
- Supreme Court Won't Hear Case About Copyright Protection Of Pre-1972 Sound Recordings
- Why The DMCA's Notice & Takedown Already Has First Amendment Problems... And RIAA/MPAA Want To Make That Worse
- The Ridiculous Concept Of The 'Value Gap' In Music Services... And How It Could Harm Both The Tech Industry And The Music Industry
- Even The Usual Defenders Of The RIAA Are Pointing Out They're Simply Lying About YouTube
- China's Home-Grown Version Of Spotify Shows How To Make Money In A World Of Digital Abundance