Doug Morris , chairman of Universal Music Group, is seeking an early end to his contract from parent Vivendi SA in order to join Sony Music Entertainment, three people with knowledge of the situation said.
Doug Morris, 72, Universal Music Group’s chief executive officer, is talking to Sony Corp. about replacing Rolf Schmidt-Holtz, the head of Sony Music, who is likely to retire early next year, the New York Post reported, citing an unidentified person with knowledge of the matter.
A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.
Universal Music Group , working to keep Island Def Jam unit Chairman Antonio “L.A.” Reid , has offered to create a jointly owned business with the executive, three people with knowledge of the situation said.