Warner CEO Edgar Bronfman Jr. is facing jail time and heavy fines for misconduct at his previous position at Vivendi Universal. While holding an executive position at Vivendi, The Associated Press reports that Bronfman conveyed “false or misleading information” about the company, along with manipulating stock prices. The verdict was delivered Friday, January 21st in a French court. Bronfman plans to appeal.
“I am disappointed that the court differed with both the Paris public prosecutor and the lead civil claimant in the case, APPAC, who both took the position that I should be acquitted,” Bronfman said in his statement. “As I have consistently stated, my trades were proper.”
As of right now, Bronfman faces a suspended 15-month prison sentence, along with $6.7 million in fines. The sentencing is currently in limbo upon further investigation.
This news arrives just as Warner Music Group hired Goldman Sachs to handle a possible sale of Warner Music Group. While Warner is in their sales transition, they may lose their CEO in the process.
Looks like Curren$y is picking the wrong time to ink a deal with Warner.
Ryan from The Office? Anyone?
naaah that show is for suckas
nah your a sucka if you like eddie murphy after 1989
very corny show
gucci did it
kykes
kyked out
6.7 million and you get a suspended sentence if found guilty.
Yet you get caught with a 2 ounces or 1600 dollars worth of crack and you get 5 years hard time. Penitentiary style.
Let this be a lesson. The more money you steal the less time you look at.
Get your degree and get your ass to Wall Street. It’s like a license to steal.
It’s a white collar crime thing.
You are not lying these people are robbing people blind, playing with stock, tax evasion, etc….
They be on some bull****. I’m working on my Bachelors in CS….Might need to switch to business more money in it if you steal it..
Yeah because selling your stock options too early is so much worse than selling crack right? get the fuck out of here you ignorant clown. how about you get educated and stop thinking you are such an independent thinker, motherfucker.
It is. Lady Justice isn’t blind at all. Money buys freedom and reduced sentences in America.
suck felon dick, ima keep download yo shit for free, from all dem artists u oppress like dey slaves, ima get all on that utorrent, that drm ya heard. watsup dowg, u transparent, translucent dawg, i can see u from he nucca.
It’s the least you can do. They release music to our people telling us to sell drugs, kill our own and destroy our communities.
Then they come in buy the Real Estate at low prices. Move your ass out and make a profit. You have to see North Central Philadelphia right now.
My old neighborhood where white people and the cops were scared to come is half white now.
My focus is seeing these white devils very clearly lately.
It’s the least you can do. They release music to our people telling us to sell drugs, kill our own and destroy our communities.
Then they come in buy the Real Estate at low prices. Move your but out and make a profit. You have to see North Central Philadelphia right now.
My old neighborhood where white people and the cops were scared to come is half white now.
My focus is seeing these white devils very clearly lately.
It’s the least you can do. They release music to our people telling us to sell drugs, K-I-L-L our own and destroy our communities.
Damn that shit is hard to decipher.
Something about you wanting to cornhole the guy whilst you sample the label’s music or something??
LOCK 50 CENT UP WITH HIM!!!!
50 CENT
50 CENT TOO! LOCK HIM UP TOO! DAT NIGGA 50 CENT POLICE DOE
The Internet is slowly but surely bringing down the walls of the music industry. The reason why he had to manipulate the stock prices at Universal is because the music division was bleeding money. Same reason why Warner Music Group is going to have to sell. Major record labels just ain’t makin profits like they used to..
Jail systems are getting the rich, famous, and everyone else now days lol
Damn girl! I said it before on that Travis Barker news item – you are hot stuff!
Post a pic of that sweet asshole of yours.
Mmmmmm
Throw the jew down the well, Everybody.
THIS SHIT CRAZY… FOLLOW ME @headache313rd
Didn’t Curren$y just sign with these guy, he better hurry up and cash his check before the shit bounce
Shits hilarious
http://www.youtube.com/watch?v=OlO6DMay_CY
Have you heard of Rockstar Muzik?
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They need to run through wall street next, there are some suits there that needed to be traded in for orange jumpers!
Damm
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Yeah…my sister worked for Vivendi in there photo editing division. Due to mismanagement, she is now out of a job. See how these rich ass republican types do people? They screw the hell out of them and walk away with a slap on the wrist, and then go on to make millions…why the common people suffer.
Its just how this country is….