Music Wire: OK but what about the other Roger?
Published: Tuesday, March 06, 2007
-Shomari Hines EMI has named a new CEO for its publishing unit in Roger Faxon. The appointment comes after former CEO Martin Bandier exited the company after 17 big ones. This is all good and dandy, but we're still waiting for the appointment of another Roger. Roger Ames's name has been coming up from time to time as the future head of all of EMI but the rumor has been running thin lately. Anyway in usual corporate lingo, current EMI chief Eric Nicoli thinks that this Roger is the "Ideal person" to lead EMI to the next stage, whatever that may be."Roger is the ideal person to lead the next stage of EMI Music Publishing's development with his strategic insight, his digital prowess, his passion for and knowledge of music publishing and his vision for the company," EMI Group Chief Executive Eric Nicoli said in a statement. Faxon confirmed as EMI Music Publishing chief [Reuters] |
Comments on "Music Wire: OK but what about the other Roger?"
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Paul Wientrab of the Chicago Tribune said ... (10:09 PM) :
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Shomari Hines said ... (10:23 PM) :
post a commentI was very accurate about Andy getting fired, as well as that antics of the senior staff at EMI. As we stated last time, Eric wants Roger, yet Roger is sitting on the sidlines until Eric is fired by June. He has 6 months, as per the Board of Directors.
Let me paint a clear and accurate picture, so that you know how precise I am. Alain and David were called to London in January, and cars were waiting for them to take them to the airport from NY to London. They flew to London, went to the Board meetings, presented their budgets and forecasts as well as the Virgin/Capitol merger, and then they were fired. Alain told Eric "Fuck off" and they both walked out.
Alain is currently in Maui and David is skiing in Aspen.
Roger is in New York this week of March 5th and meeting with Eric - who is in Manhattan as well. However, Roger "will not take the helm" for 2 reasons. 1st - his wife will divorce him if he moves here. 2nd - he might as well wait for Eric to be fired and then take the helm.
Fortress Investments is hoovering and Private Equity seems the way that this story is going to head. Warner will eventually buy the Recorded music label, yet Fortress will purchase EMI, spin off the publishing arm back to Bandier and then sell off the Recorded music divsision.
Eric turned down Warner because he knew his job would be over at that point. The Board supported him. Fortress will come in at 240 pence.
What other details would you like to see or hear?
Paul this is really detailed information. I would like to see Roger Ames back at the helm of a major music company. He needs to take the job if its being offered to him. Mrs. Ames will get over it. Well I can't wait to see how this one plays out.