Friday, 25 July 2008
The Stones and EMI
Whenever I write anything about the private equity financier Guy Hands - such as this piece for Bloomberg - I get a furious phone call from his PR man Andew Dowler at Financial Dynamics accusing me of irresponsible journalism. So what should one make of the fact that The Rolling Stones are leaving EMI? Well to save on Mr Dowler's phone bill, I'll just say it's great news for EMI. Who wants to listen to that old rubbish anyway. Hands has recruited Elio Leoni Sceti from Reckitt Benckiser, which makes products such as Finish diswater tablets, and lost Keith Richards. Surely no one could argue that wasn't the right way to run a record label - could they?