Report: Recording Academy Chief Seeks To Double His Salary
September 30, 2010 at 3:48 AM (PT)
THE NEW YORK POST reports The RECORDING ACADEMY Pres./CEO NEIL PORTNOW "is trying to renegotiate his employment contract and double his salary. PORTNOW, a former chief of West Coast operations at ZOMBA GROUP who also spent time at EMI RECORDS, is seeking to boost his annual salary to $2 million, according to several sources familiar with discussions. The last contract he signed in SEPTEMBER 2007 expires next year."
PORTNOW became the RECORDING ACADEMY chief in OCTOBER 2002, replacing MICHAEL GREENE. GREENE resigned amid allegations of misconduct.
The GRAMMY AWARDS, which PORTNOW oversees, had one of their best years ever, as last year's broadcast attracted more viewers than any broadcast since 2004. That could give PORTNOW the leverage he needs. The 52nd annual GRAMMY AWARDS show had an audience of 25.8 million, up 35% from the previous year.