Paul Resnikoff: The Average Spotify Executive Makes $1.34 Million a Year…

But they can’t pay songwriters…

Last week, Spotify financial filings for 2015 revealed that the average employee is earning $168,747, with a worldwide headcount of 1,610.  That raised the question of what the top executives and board members at Spotify are making, so we started investigating further.

Here’s what we found: according to further filings and executive information now discovered, 14 top executives, key advisors, and board members at Spotify earned a hefty €16,925,000 during 2015.  That translates to $18,812,984 based on current exchange rates, and amounts to a per-executive payout of  $1,343,784, or roughly $1.34 million in US dollars.

Read the post on Digital Music News.

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