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Pearl Jam Exec Jailed for Theft

When rock bands hit the big time and the large numbers start rolling in to the bank accounts. One of the things that plague rookies is the fact that the manager they hired when they were playing bars is not necessairly the one they need once the big time arrives. Money management problems persist in the rock music industry. Now Pear Jam’s money manager is headed for jail because he got free and lose with the check book. “A former member of Peal Jam’s management team has been sentenced to 14 months in jail after his thefts cost the band $556,000 (£33,000).Chief financial officer Rickey Goodrich, 55, last year admitted stealing a total of $380,000.00 over four years, with the additional expense coming from the band’s investigations into the crimes.Goodrich had been hired as an accountant in 2005 and was promoted to CFO the following year. He was fired four years later after manager Kelly Curtis looked into “cash-flow issues” and found that Goodrich had been paying large sums of money into his own bank accounts.” http://www.classicrockmagazine.com/news/pearl-jam-exec-jailed-for-theft/

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