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Usenet Posted 17 years ago
Screenwriting

How much do top agents make? Answer:

http://www.nypost.com/seven/06152009/gossip/pagesix/super salaries of la agents 174292.htm
June 15, 2009
A CONFIDENTIAL memo leaked from inside one of Hollywood's top talent shops
has shed light on just how much some of the industry's leading agents rake
in.
The memo, which appears to be written by William Morris CFO Irv Weintraub
and was obtained by Hollywood news site The Wrap, shows the personal salaries and stock apportioning of the agency's top agents, executives and
board members from 2007. William Morris was recently acquired by Endeavor,
run by uber-agent Ari Emanuel.
According to the memo faxed from John Fogelman, who co-heads the agency's movie department Jim Wiatt, the William Morris head who was
unceremoniously pushed out after the merger, made $7 million in 2007, while president Dave Wirtschafter, who serves as co-chief executive of the
new firm along with Emanuel and Patrick Whitesell, took in $6 million.
Old-timer Norman Brokaw took in $4.25 million.
"While there's plenty of gossip about who makes how much at the talent
agencies, these are all privately owned companies, and these numbers never
become public," Web site editor Sharon Waxman tells Page Six. "I'm guessing that more than a few of William Morris' clients are scrutinizing
this memo and thinking about whether their representatives are worth what
they're paid."
The memo is important, adds Waxman, because "actors should never be clued
in to the fact that their agents . . . make a whole helluva lot more money
than they do."
William Morris, once the most powerful agency in the business, has lost
ground of late to CAA and ICM. Wiatt sought out the merger in an attempt
to keep the shop afloat in uncertain economic times, but he drew criticism
from within his own ranks for his handling of the move, which led to more
than 100 layoffs. A rep for WME did not return our call.
  
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