Wednesday, January 09, 2008

EMI loses more experience

You know EMI is having trouble at the top when the FT deadpans that Tony Wadsworth's departure is "the most senior executive to leave... since August."

Wadsworth has been with EMI for quarter of a century and was involved in bringing Radiohead and Coldplay to the label; his decision to quit ahead of Terra Firma's restructuring plan is a further indication that the private equity owners of the label might not know what they want EMI to be like, but they know they don't want it to be like EMI used to be. Is replacing old hands like Wadsworth with the likes of John Birt a wise move?