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Recoring Industry Layoffs

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BUSINESS
July 23, 1993 | CHUCK PHILIPS, SPECIAL TO THE TIMES
The corporate shake-up at Capitol Records has kicked into full gear, with new President and Chief Executive Gary Gersh purportedly issuing pink slips to some 20 acts, including the Smithereens, Television, Great White and Billy Squire. The long-rumored roster slashing is the latest step in a multimillion-dollar plan to "energize" the Thorn-EMI-owned label, home to such acts as Hammer, Bonnie Raitt and Paul McCartney.
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BUSINESS
July 23, 1993 | CHUCK PHILIPS, SPECIAL TO THE TIMES
The corporate shake-up at Capitol Records has kicked into full gear, with new President and Chief Executive Gary Gersh purportedly issuing pink slips to some 20 acts, including the Smithereens, Television, Great White and Billy Squire. The long-rumored roster slashing is the latest step in a multimillion-dollar plan to "energize" the Thorn-EMI-owned label, home to such acts as Hammer, Bonnie Raitt and Paul McCartney.
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