January 23, 2008

Can New EMI Owner Strike a Chord?

As the chief executive of Terra Firma Capital Partners Ltd., Guy Hands controls companies that lease jets, operate natural-gas pipelines, and, most recently, sell music. The big difference among those businesses is Mr. Hands doesn't have to worry about keeping the planes or the gas happy. But the musicians signed with EMI Group Ltd. are a different story -- and they've been less than pleased with the British private-equity mogul. (Wall Street Journal)