Universal Music Group Shareholders Reportedly Bristle at Lucian Grainge’s ‘Excessive’ $100 Million Pay Package
Universal Music Group Shareholders Reportedly Bristle at Lucian Grainge’s ‘Excessive’ $100 Million Pay Package
Last month, it came to light that Universal Music Group (UMG) had retreaded the contract of chairman and CEO Lucian Grainge through May of 2028 with a two-thirds salary reduction and enhanced stock incentives. Now, shareholders are reportedly questioning whether the $100 million or so compensation package makes sense in the current economic climate.