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Lucian Grainge's management style is not short on theatrical flourish. Four years ago, the Briton who is about to become the world's most powerful music industry executive, arrived late to the boardroom of Universal Music Group's international head office in London after the company had suffered a...
Grainge's plans for his new position remain somewhat of a mystery. His approach emphasizes artist relations at a time when other companies would rather talk about formulating an effective digital-distribution strategy to combat music piracy. It's not that Grainge doesn't care about this issue - indeed, he...
Grainge is one of a trio of talented British music executives - all born within six months of each other - who have landed at the heart of the industry, even though none had any college education. Simon Cowell, the elder of the group and the only one who has turned 50...
In 1986, Grainge joined Polygram's songwriting division and gradually moved up the ranks at the company, which would later become Universal following a merger with MCA. Eventually, under the tutelage of Doug Morris, the Universal chief executive he'll be replacing, Grainge rose to run the company's U.K...
From a historical perspective this makes a great deal of sense. Consider that the top marginal rate peaked at 94% in the final years of World War II. It remained above 90% for most of the 1950s, and held steady at 70% during the 1970s. Republican Ronald Reagan emerged as...