Time: Meet UMG CEO Lucian Grainge
March 3, 2010 at 4:25 AM (PT)
TIME magazine has published an article on newly minted UNIVERSAL MUSIC GROUP CEO LUCIAN GRAINGE, writing his"management style is not short on theatrical flourish. Four years ago, the Briton who is about to become the world's most powerful music industry executive, arrived late to the boardroom of UNIVERSAL MUSIC GROUP's international head office in LONDON after the company had suffered a particularly poor sales period. As he entered, he turned off the lights, leaving his executive team sitting nervously in the dark. He then paced around the room until finally uttering the words, 'See that. Better get used to it. That's what it's like when you don't have any hit records.'"
GRAINGE was promoted from his role as Chairman/CEO of LONDON-based UNIVERSAL MUSIC GROUP INTERNATIONAL to run the company (NET NEWS 2/10). He succeeded DOUG MORRIS, who remains as Chairman.
TIME describes GRAINGE as one of a trio of talented British music executives -- all born within six months of each other -- who have landed at the heart of the industry."
Check out the full article here.