Friday, April 18, 2008

The changing of the Sony BMG guard: Clive Davis steps down

Sony BMG has announced that Clive Davis is stepping down as head of BMG and will no longer be in day-to-day charge at RCA.

He's being replaced by Barry Weiss, who until now has been in charge at Zomba and is known for never knowingly spending two bucks when he can get the job done for one.

Of course, no executive ever really disappears, and Sony BMG have found a role by which Clive Davis can continue to draw a salary in a new, vaguely-defined "creative post", which is in no way a forumla for chucking him some money in return for his stepping aside quietly and with no repeat of the balls-up the company made in 2000 when it tried to get shot of him.

It's going to be frustrating for Weiss, trying to trim costs at the label at the same time as the company has to find funds to pay their Denny Crane in his new job.


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