Warner Music raises exec’s pay
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From Times Wire Services
Warner Music Group Corp. doubled the salary of its top U.S. music executive, Lyor Cohen. The head of recorded music operations in North America, Cohen has a new five-year contract that includes a $3-million annual salary and a target bonus of $2.5 million, according to a regulatory filing.
His compensation exceeds that of Chief Executive Edgar Bronfman, who was granted $1 million in pay and a $3-million target bonus.
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