I read this posting on hypebot the other day and I couldn’t agree more. The premise was that if Apple, as a successful company, pays their CEO a salaray of $1 per year, but he gets bonuses and stock based on the performance of the company, then why wouldn’t labels do the same thing. Warner Music just re-hired their CEO, Edger Bronfman Jr. at a salary of $1 million per year. Which is an outrageous salary for someone who has overseen the demise of that company and doesn’t seem to be doing anything to right the ship.

So, the writer of this article posted a challenge: put your money where your mouth is and base your income on the performance of your company. Accept a $1 per year salary and only get stocks and bonuses based on performance. I know why this would never happen though. The labels are failing miserably at their own business and the CEO wants a guaranteed gig, even if there’s not enough income to justify it.

I would gladly pay his salary of $1 if were to take up the offer though. I wonder if he’d end up paying the label at the end of that year…