Who cares about the Hall of Fame anyway?
I mean... Madonna, really?
It's bad enough that they put an act like Madonna into the
Rock n' Roll Hall but Madonna inducted by the likes of a Justin Timberlake officially makes the HOF a joke.
Based on this story, I'm surprised the artists don't boycott. This is a sin.
Source: Globe (mag) >> April 7, 2008
ROCK & ROLL'S HALL OF SHAMEThe Rock and Roll Hall of Fame Foundation's failing miserably in its self-proclaimed mission to "provide financial assistance to individuals who have been...involved in the rock and roll music industry," blast sources.
The group doled out a measly $4,183 to poverty-stricken musicians last year - despite having assets worth a whopping $14 million!
And it's tight-fisted ways with other charitable causes have folks singing the blues, too. One source says the foundation gave just four other handouts in 2007 - $475 to a medical charity, $500 to the City of Hope cancer-research center in Duarte, Calif., $167,000 to the Rock and Roll Hall of Fame in Cleveland to pay for staff to maintain archives, and $25,000 to New York's Fund for Public Schools.
Yet, foundation head Joel Peresman was raking in a salary of $331,229, while the former head, Suzan Evans Hochberg, was still being paid a $150,000 salary two years AFTER Peresman took over!
In its 1999-2000 IRS filing, which listed $10 million in assets, the organization says it gave a mere $2,323 to down-and-out rockers for food, shelter and clothing. Fumes a source, "Their coffers remain full while their attitude toward charity has been scant."
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