EMI: 'We have created a new way of doing things, predicated on passion, humanity and integrity'

The chief executive has sent a memo to staff, telling them what happens next and trying to reassure them that all is not lost. Roger Faxon is no great stylist, but he manages to see the sunny side of the takeover, and he needs to prevent a talent drain until the last legal hurdles are cleared and the company is dismantled by Universal and Sony.

Read his memo here.


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