A UK record company boss is waiting for one of the biggest executive gains in company history when Universal Music debuts on the stock exchange next week.
Sir Lucian Grainge, 61, Chairman and CEO of Universal, is expected to receive $ 170million (£ 123million) when the world’s largest record company goes public on the Amsterdam Stock Exchange on Monday.
Vivendi, the French media conglomerate owner of Universal since 2000, intends to separate from the label behind Lady Gaga, Billie Eilish and Taylor Swift. Grainge’s payout will consist of a “deal bonus” of at least $ 150 million, assuming Universal achieves an expected first valuation of over $ 40 billion, according to The daily telegraph.
He will also receive a payment