Monday, October 22, 2007

Steve Stoute Cashes Out

Steve Stoute, 36-year-old former head of Universal Music's urban division, closed on the sale of his Translation Consulting and Brand Imaging to the Interpublic Group. Stoute will get eight figures for his four-year-old firm and stay on as its chairman. Steve has been the go-to guy when corporate America wants to team up with a pop star. He just hooked Beyoncé up with that Samsung B-Phone deal.