When we called for a bail-out of the music industry a while back, this wasn’t exactly what we had in mind. Turns out Sheryl Crow, Chicago and Earth, Wind and Fire got some individual bail-out funding recently when they played a corporate gig for Northern Trust of Chicago — a bank that got $1.5 billion in bailout money, and then laid off 450 employees. Classy.
Our friends at The Daily Swarm tipped us off to the general disapproval of the entire internet.
The New York Times resident firey red-head, Maureen Dowd, summed up the lavish events in a recent column:
Northern No Trust had a lavish dinner at the Ritz Carlton on Wednesday with a concert by Chicago (at a $100,000 fee); rented a private hangar at the Santa Monica Airport on Thursday for another big dinner with a gig by Earth, Wind & Fire, and closed down the House of Blues on Sunset Strip on Saturday (at a cost of $50,000) for a dinner and serenade by Sheryl Crow.
The Flavorwire reminded us that Forbes ranked Sheryl Crow’s estimated net worth in 2007 at $6 million. So now not only are our banks dishing out hundreds of thousands for unnecessary expenses, artists we thought were liberal and maybe even just a little bit on our side (even though they’re worth 600 times what most of the rest of us are worth) are lining up to take that dirty money without an apparent smidge of guilt.
And as for the 450 people who got laid off from Northern Trust just a short while before this extravaganza, well — we imagine they’re mad about more than just missing the party. In an October 2006 interview, Crow had the following to say: “I think what’s happening in our business — although I feel like it’s slightly karmic, it is what it is. It’s a failing business.”
Karmic, Sheryl? You believe in Karma? Then we recommend you watch for falling pianos.