Bono's friends: LiveNation gives chunk to U2
The deal between U2 and LiveNation which sees U2 leave Island for the company included U2 receiving about $19million worth of stock in the company. It’s so nice when workers get to take a stake in the employers, isn’t it? Neil Young, back in 2003, before it became politically necessary for Clear Channel to spin off LiveNation, observed: “They are anti-music, and they don’t get the spirit of it.” But, like U2, they do understand money. LiveNation tends to operate something of a monopoly in the
Source:Bono's friends: LiveNation gives chunk to U2
