See how record companies handle retirees

In: music

22 Aug 2002

Glenn Reynolds:

"When [R&B singer Sam] Moore applied for his pension, he was told that he had benefits coming to him. What a relief, he thought. Then he got the bad news. AFTRA was all set to pay him a whopping $67 a month. This is the same AFTRA that now boasts a $1.2 billion surplus."

To keep in mind next time you hear another moralistic preach by one of these crooks (notice how this designation instantly comes to our minds when we think of record company execs?) who, you know, claim they "do it all for the artists."

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I'm CEO of an online trade publishing firm in the marketing and defense verticals. We try to make news and data digestible and useful in an environment that is more noisy each day. This personal blog mixes my thoughts and interests on politics, business, software, and more, based on my business and personal experiences. Over the years I have posted items that turned out spectacularly wrong, and a few posts that stood the test of times better. Personal views only.

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