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Edgar Bronfman, Jr. is a notable figure in the music industry, serving as the CEO of Warner Music Group from 2006 to 2011. He holds a B.A. from Stanford University, bringing a solid academic background to his leadership role in...

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Edgar Bronfman, Jr.

Ex-CEO of Warner Music Group

Education

B.A. from Stanford University

Field of Expertise

Other - Music

Sector of Economy

Communication Services

Born

June 15, 1963 - 62 years ago

CEO of Warner Music Group for

5 years 1 month (Jul 2006 - Aug 2011)

Previous Experience

CEO of Warner Music Group Corp.

Rivals

Competitors/colleagues of Edgar Bronfman, Jr.

Holdings

See how much did Edgar Bronfman, Jr. make over time.

Edgar Bronfman, Jr. owns about 3.4 million shares of Warner Music Group, translating to roughly 2.2% of the company's total stock. His stock portfolio peaked with his holdings back around 2006 when he was deeply involved in the company's transition...

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Insider Trading

See recent insider trades of Edgar Bronfman, Jr..

WMG

$1.10M

WMG at $8.18/share

Jun 13, 2011

Sale

WMG

$7.37M

WMG at $8.20/share

Jun 9, 2011

Sale

WMG

$2.89M

WMG at $8.19/share

Jun 2, 2011

Sale

WMG

$5.96M

WMG at $8.23/share

May 27, 2011

Sale

WMG

2,750,000 shares

WMG

Jan 18, 2011

Received

Compensation History

See how much did Edgar Bronfman, Jr. make over time.

In fiscal 2010, Edgar Bronfman, Jr. received a total compensation package of $5 million as CEO of Warner Music Group. This included a base salary of $1 million alongside an impressive bonus of $4 million, which represented 133% of his target bonus due to outstanding performance. His total for fiscal years showed similar trends; for instance, in 2009, he earned over $7 million, with a significant portion attributed to bonuses reflecting successful company metrics. His compensation structure is designed to align with company performance, ensuring that as the company flourishes, so do the rewards for its leadership. His substantial bonuses each year signal a focus on achieving ambitious goals, particularly in revenue and operating income, vital for maintaining a competitive edge in the music industry.

Year

2010

Total Compensation

$5.00M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to align executive compensation with individual contributions and company performance, ensuring competitive compensation to attract and retain top talent in the media and entertainment industry.

Bonus

$4.00M

Board Justification

The bonus for fiscal 2010 was determined based on the company's performance metrics, with Mr. Bronfman receiving approximately 133% of his target bonus due to his significant contributions to the company's strategic objectives and overall performance.

Other

$0.00

Board Justification

No other compensation was reported for fiscal 2010.

Restricted Stock

$0.00(0 common stock)

Board Justification

No stock was vested in fiscal 2010 as the performance vesting criteria for the restricted shares were not achieved.

Performance Metrics

The performance metrics for determining bonuses included budgeted amounts of net revenue and operating income before depreciation and amortization (OIBDA), with achievement of net revenue weighted 25% and OIBDA weighted 75%.

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