Lyor Cohen Gets Paid

Lyor Cohen gets paid. Lyor, who is responsible for developing artists ranging from the Beastie Boys to Ryan Adams just re-signed his deal with Warner Music Group for a 5 year deal and doubled his base salary to $3 million per year. Nice work. Plus, he gets bonuses if people actually buy music too that range from $1.5 million all the way up to $5 million. Cohen also will receive 1,500,000 stock options. I’m sure his expense account will also be somewhat huge - nice play, especially considering the sorry current state of the music industry as well as WMG stock being at it’s all time low.

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