Universal Music CEO Lucian Grainge Earned Almost $60M Last Year

Now Grainge’s hard work is really starting to pay off. His 2020 earnings included a 15.5 million euros bonus for helping shepherd a 3 billion euros investment from a Tencent-led consortium for a 10% stake in UMG. Executive vp, CFO and president of operationsIn 2021, Grainge will earn a 17.5 million euros bonus from the Tencent consortium’s purchase of an additional 10% stake completed in January, as well as an unspecified amount for Pershing Square Holdings’ 10% stake purchased in August for 3.

Grainge’s salary is substantial but not unusually so considering UMG’s size and success. Warner Music Group CEO, who has led the company since 2011, earned an average of $13.7 million in 2017, 2019 and 2020. Cooper, whose base salary of $1 million is less than a 10th of a typical performance-related bonus, is paidto Grainge when adjusting for the companies’ sizes. At a reasonable range, UMG’s market capitalization -- $45 billion to $52 billion -- is 2.2 to 2.

Grainge, Cooper and Rapino differ in their stock-related compensation, however. UMG does not yet have a long-term incentive program to incentivize its executives, although the new board may establish one, according to the prospectus. Instead, Grainge will receive a substantial bonus after UMG’s admission to the exchange. Cooper received roughly 190,000 restricted stock units in fiscal 2021 that vest over four years and are worth $7.8 million at the current $41 share price. Rapino realized $28.

'Earned'

Some of his 2021 bonus would be earned off Thecasinop 🎲

How do we buy the stocks 😂😂😂

Great Sir Lucian 🙏🏻

Dawg couldn't secure anything for 6ix9ine tho😂 wack had to do everything smh

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