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Edgar Miles Bronfman, Jr. (born May 16, 1955), formerly CEO of Seagram and vice-chairman of Vivendi Universal, has been CEO of Warner Music Group since 2004. In May, 2011, the sale of WMG was announced; Bronfman would continue as CEO in the transaction. He is the son of Edgar Miles Bronfman and the grandson of Samuel Bronfman, patriarch of one of the wealthiest and most influential Jewish families in Canada. The Bronfman family gained its fortunes through the Seagram Company, an alcohol distilling company, but Edgar Jr. ("Efer" to friends) has gained his reputation by expanding and later divesting ownership of the Seagram Company, as well as for pursuing more creative activities as a Broadway and film producer and songwriter. His controversial decision to sell his family stake in DuPont Chemical in order to create the Vivendi Universal entertainment company which turned out to be short-lived, was a source of widespread astonishment in the business community. Bronfman was convicted of insider trading in a French court resulting in a 15 month suspended sentence and fined -5 million. |