Monday, February 08, 2010
EMI Looks To Shed A Few More "Pounds"....
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Call me crazy.....but you would think someone dropped from one of these companies could come up with a better business model........
(Telegraph.co.uk)EMI Music is drawing up plans for radical cost cuts, including a further reduction in its 3,500-strong workforce, to persuade investors to stump up the £120m that private equity owner Terra Firma needs to retain control of the business.
The plan, which is being devised by a 12-strong executive team, was disclosed last night by EMI Music chief executive Elio Leoni-Sceti.... MORE HERE
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