EMI chief's earnings hit £3.5m

Alain Levy earned more than £3.5m (€5.3m) in pay and bonuses last year as chairman and chief executive of EMI Music – a job held since October 2001.

The veteran industry figure was brought in to replace EMI’s highest paid executive Ken Berry, who was credited with signing the Spice Girls. The 2001 move came a month after EMI reported sales of recorded music had been weaker than expected and that full-year profits would drop 20%.