Top Execs Rewarded for Missing Revenue
- David Field and his COO Susan Larkin are in for pay raises after a dismal year in which Audacy repeatedly missed its revenue projections and presided over the further loss of audience.
- Rewarding C-suite officials for failure is not new to companies propped up with private equity money but is curious in the case of Audacy as they teeter on the brink of bankruptcy.
- BUT, Field and Larkin are not the only ones who will see a change in their paychecks as Audacy station personnel are also in for significant changes ahead.
Read the full article here
Samples here
Recent Posts
- The Meaning of Vinyl Outselling CDs
- Alfred is Looking After Alfred (Not Urban One)
- Details in the Audacy/Cumulus Rollup
- The P1 Podcast Model of the Future
- Tough Times Ahead for iHeart
- Nielsen’s Ties to Boeing
- Why a 3rd Cumulus Debt Extension
- The Missed Lesson of TikTok
- Radio’s Mid-Market Management Purge
- Cumulus Testing a “Prepack” Bankruptcy