Well, well, is nothing sacred in the music biz. Clive Davis has been deposed as ruler of the SonyBmg kingdom.
It seems although his company is selling records, it's not making enough money to justify Clive's rumored 10 million dollar salary. SonyBMG realized by demoting Mr. Davis and canning his lieutenants, they could save money without emptying the building.
Now that the logic of removing the big salaries to survive has entered the major labels' thinking, I just wonder who's next?
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