Pandora CEO says “Pandora is Radio” so Pandora shouldn’t pay artists at all–and CEO Pay is Up 3,882%

Sometimes it pays to read the transcripts from earnings calls, especially for company’s like Pandora, our latest set of fake “friends” in the tech community.  Always striving to keep their executive salaries high, Pandora’s CEO let their true strategy slip out in yesterday’s earnings call (see the full transcript on Seeking Alpha): For the landscape […]

More on Pandora’s Bait and Switch Campaign

MTP readers will remember the short lived legislation to lower artist royalties that Pandora backed last year.  That was called the “Internet Radio Fairness Act” and it never came to a vote.  The House IP Subcommittee  held a hearing at which, I think it is fair to say, Pandora lost and lost big. We Will […]

Joe Kennedy Departs Pandora

Pandora’s CEO Joe Kennedy announced today that he’s leaving the company.  Lots of rumors about who will succeed him, but nothing definite. Joe’s taken some knocks lately (including here at MTP) as a result of the whole IRFA miscalculation–but that had better not be the reason that he’s leaving.  A CEO–particularly a public company CEO–has […]

Pandora CEO Joe Kennedy Tells Paul Resnikoff He Doesn’t Know How Much Money He Makes from Pandora

Must be nice to be able to forget your salary–Paul Resnikoff of Digital Music News gets the scoop: So let’s help Joe refresh his recollection. According to the Securities and Exchange Commission, Joseph J. Kennedy, Pandora’s CEO, President and Board Chair Director) was recently granted Pandora stock options totaling 1.35 million shares at $10.63, or […]

The Artists, United, Can Never Be Defeated

Yesterday on Capitol Hill did not quite go the way that the Internet Radio Fairness Coalition had in mind.  At all.  More about that will be written.  Mr. Chaffetz–more about him later, too–had asked Mr. Goodlatte for a hearing on the so-called Internet Radio Fairness Act, and a hearing he got.  I would say mostly a “listening” […]