EMI Chief Leaves After Private Equity Takeover
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Eric Nicoliâs exit came as Terra Firma Capital Partners, a private equity firm taking over the EMI Group, named executives from its own ranks to management positions at the music label.
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AOL said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.
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British music company EMI Group Plc  said on Thursday it had ceased discussions over an offer being made for the company as it did not fully reflect the prospects and value of the group.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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British music label EMI said Tuesday it would axe 1,500-2,000 jobs following its takeover by a private equity firm as it faces up to a digital download revolution and slumping CD sales.
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Shares of EMI Group Plc, the world&#39;s third-largest record company, had their biggest jump in 1 1/2 years after the company said music sales rose in the past two months with releases
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Manufacturing conglomerate Tyco  International Ltd. TYC.N on Tuesday said Chief Financial  Officer David FitzPatrick will step down at the end of this  year to pursue private equity or corporate turnaround  opportunities.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring plan.
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Music group EMI, which announced last month it had received a preliminary takeover approach, has said that discussions with the potential bidder had been called off.
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Northern Rock said Thursday that chief executive Adam Applegarth, who had previously announced his resignation, had left the company.
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LONDON -- Shares of record company EMI Group PLC, whose artists include David Bowie and the Beatles, rose more than 6 percent Tuesday after a report that the company is in talks with private equity firms about a possible takeover.
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The chief executive of Warner Music  Group Corp. is paving the way for a new bid for EMI Group Plc  by trumpeting the benefits of a merger with the firm's  shareholders, the Times reported on Wednesday.
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The head of Cisco's service provider business, who was once seen as a possible successor to the CEO, is leaving the company.
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British music company EMI is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age.
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The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.
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The world's third largest music company,  EMI Group Plc, has appointed Roger Faxon as the new chairman  and CEO of its powerful Music Publishing division.
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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.