stepped down as Def Jam’s CEO, but in the two years he held the role, he was doing that and continuing to manage longtime client Eminem. Steven Victor has managed Pusha T and The-Dream while being Def Jam’s exec VP of A&R, then moving into an A&R senior VP role for the wider Universal Music Group. DJ Mormile, now Def Jam’s exec VP West Coast, is also the manager of Mike Will Made It and Soulja Boy and formerly handled YG, too.
But nowadays allowing someone to keep some action on the side is just as often seen as conferring power, prestige or an abundance of creativity on the part of an exec who just desires to do double- or triple-duty regardless of where the money falls. “A lot of times allow the carve-out because they want to capitalize on a relationship, or they’re looking for extra access to a repertoire — like when they want to hire a manager with three acts they’re interested in,” says the attorney.
But Kierszenbaum’s perspective is clearly the exception among executives in many fields of entertainment, says a top lawyer. “Execs in film have production deals,” says the attorney. “In tech, someone might have a startup at the same time as being employed by a big company, and when the startup catches on, they leave, sometimes with seed money from the big tech company; they call those situations incubators.
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