It was announced this morning that long time chairman of Live Nation, Barry Diller, has told the members of the board his plans to resign.
Many people this decision has come about due to the clash between Barry and his other board members over creative musical control, but in his statement announcing his plans, Barry makes no mention of that. His statement reads:
“I have always said, since the merger of Ticketmaster and Live Nation, that I only planned to stay as chairman through the transition and integration of the two companies. It’s been almost a year and I informed the board today that while there was no rush, the board should start the process now to appoint a new chairman.”
When exactly this will all happen no one quite knows yet, but we do know Barry isn't going too far. He intends to stay on the board, but just not in the chairman position.
Stepping down isn't as effective as stepping away. What's the point if you're not going to go off and do something else? You've probably got enough money for an early retirement! Go, relax! Shuffleboard it up somewhere!
[Image via WENN.]