Levy Given Huge Pay-Off On Leaving Troubled Emi ; Entertainment

Birmingham Post › June 19, 2007

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Summary

The former boss of EMI's music division quit the troubled group with a pounds 3.6 million pay-off, it has been revealed.

EMI's annual report yesterday revealed that Alain Levy was handed the multi-million pound cash windfall on top of his pounds 912,000 salary after he was ousted in January amid plummeting sales and a profits warning.

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Levy Given Huge Pay-Off On Leaving Troubled Emi ; Entertainment

Mr Levy, who had been chairman and chief executive of EMI Music since October 2001, was handed a pounds...

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