Listing puts record label’s British-born boss in line for one of biggest corporate payouts in history‘Ruthless but good ears’: key architect of
music industry revivalUMG chief predicts billions of dollars of growth from digitalUniversal Music Group’s shares surged by more than a third in its stock market debut on Tuesday, putting its chairman and chief executive, Sir Lucian Grainge, in line for a potential bonus of almost $150m (£110m).
![Universal Music Group shares surge in £110m bonus for Lucian Grainge](https://i.guim.co.uk/img/media/5b01a846fbd549d3104423bf5ea18de50cf6f15a/1201_309_1795_1077/master/1795.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=9ad25540c027dcb17ba240ee156bc90e)
Shares in the world’s largest music company, the label behind artists including
Taylor Swift and Bob Dylan, rose more than 35% to €25 a share in early trading, giving the business a market value of more than €45bn (£38bn).