It’s been less than 48 hours since it was publicly announced that Irving Azoff is parting ways with Live Nation, the company he led after creating Front Line, the world’s largest artist management company, selling it to Ticketmaster, and merging with Live Nation, and there is no shortage of coverage and commentary on why he left and what he’ll do next. Both sides say that the parting was mutual and numerous sources including the LA Times and The Wrap cite Azoff as saying that he came to the conclusion that working for a public company was counter to his entrepreneurial instincts.
According to The Wrap, Azoff said: “Life at a public company ain’t for me. The board pays you what your worth, then you get reamed for your compensation. They don’t like the way you elect directors, you should be giving options. It’s horses… You can’t be an entrepreneur and work in a public company anymore.”
What next? Azoff confirmed that he will setting up a new company with top clients including The Eagles, Christina Aguilera, Van Halen, Steely Dan and Jennifer Hudson.
The Wrap article: http://www.thewrap.com/music/column-post/irving-azoff-why-he-left-livenation-running-public-company-sucks-exclusive-71021
LA Times article: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-irving-azoff-exits-live-nation-20121231,0,5264112.story