Warner Music raises exec’s pay
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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