RIAA Criticized Over Executive Salaries

Mitch Bainwol

The RIAA is under fire for paying top boss Mitch Bainwol over $2 million in 2008. A report published yesterday (7/12) in Digital Music News broke the story, questioning whether such an extravagant salary was justifiable for someone leading the trade group of a suffering industry.

Now the RIAA has responded, saying that it is a competitive rate of compensation for a trade organization executive with Bainwol’s amount of experience. The organization also reports that Bainwol’s current salary is closer to $1.5 million.

Other qualms DMN found while digging through the RIAA’s 2008 tax documents: ten or more staffers and executives making between $200,000 and $1.33 million each, and exorbitant legal expenses totaling over $16 million.

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Category: Featured, Financial/Legal, Organizations

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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.

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