Quote:
Originally Posted by teh603
Have any celebrities lost enough money to make a meaningful impact on their lifestyle? Have any C-level executives had to take a pay cut in the last decade or so?
And would meaningful destruction to some of these big businesses actually be healthier for the market than keeping them propped up and protected?
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Music sales were $13 billion in 1999 and $6 billion in 2009. I think that's good evidence that some executives have lost their job, and some musicians have lost their livelihood.
And terms like "propped up and protected" are disingenuous.