According to the New York Post (Page Six) staffers at Capitol Records sent a letter to EMI’sÂ Chairman Alain Levy and David Munns claiming that Capitol President and CEO Andy Slater is an out of touch exec who needs to resign. They claim he is running the company into the ground by signing and spending money on mediocre artists including Morning Wood (Pictured) that is absolutely going nowhere while ignoring the career artists including Bonnie Raitt and Roseanne Cash. Staffers at Capitol also claim that the employee moral is at an all time low.
“We are in constant disbelief of the amount of money spent on these acts who are clearly a step behind what is happening in music . . . We work in constant fear of ‘what Andy wants.’ This man is a control freak . . . How much longer do we need to make sure he is happy – only to then see those choices fail?”
A source, who says the letter represents “dozens” of Capitol employees, told Page Six:
“There are core artists like Bonnie Raitt and Roseanne Cash who are just being ignored. The feeling is [Slater] just let them die. Then there are artists like Morning Wood, which is going nowhere.” The source adds that Slater is often unreachable and comes into the office late: “He’s out at night at clubs and partying with girls
An EMI spokeswoman not surprisingly disputed the letter’s claims: “Andy and his team at Capitol are doing a great job. He’s revitalized the roster. He’s more than doubled the label’s market share since he arrived five years ago.”