Bang and the Dirt Is Gone!
Jun 27th, 2008 by schiing in Music, Music and entertainment
From Times Online:
EMI, the troubled music group, is close to appointing a little-known Italian executive from the consumer goods industry to run its recorded music division.
Guy Hands, chairman at EMI, is in the process of poaching Elio Leoni Sceti from Reckitt Benckiser, the consumer products giant behind brands such as Cillit Bang, Veet hair remover and Finish dishwasher tablets.
Cillit Bang and Veet hair remover - how appropriate. They just fired 1500 employees this spring, and by the look of it they plan to continue with their spring cleaning well into the summer and beyond.
My guess is that Hands is planning to get rid of the entire recorded music division. The money is in the publishing division of EMI and they’re losing big time on their recorded music investments at the time.
And now the Rolling Stones have left EMI. It’d be funny if Guy could say that he washed his hands of the group, but it was the other way around.