RIAA Sacks Half its Staff and CEO Gains a Raise! Ohh and Plummeting Revenues
It seems like the RIAA is in meltdown! In their latest tax filings they have seen a huge reduction in overall revenues and it has had to layoff more than half of its staff.
In just two years overall revenue has reduced from to $34.8 to $24.8 million.
Although I’m sure the staff who have been laid off wont be happy to hear that the CEO is now getting over $1.5 million per year!
Does this mean that the RIAA is slowly becoming irrelevant?
