Steve Barnett: The 2015 Billboard Power 100
NO. 16

Steve Barnett

62, Chairman/CEO, Capitol Music Group

Last year's rank: 32

It took Barnett only two years to redefine, reorganize and relaunch Universal's Capitol Music Group and he did so from the inside out: gutting the label's famed Hollywood Tower, pruning its staff and forming a senior executive team that promotes diversity (see: Motown president Ethiopia Habtemariam), female leadership (executive vp Michele Jubelirer) and long-term vision (executive vp Greg Thompson, a key carryover from the previous era). The strategy is working. CMG racked up 46 Grammy nominations, including in key categories album of the year (Sam Smith, Beck) and best new artist (Smith, Bastille), all of whom are new signings.

BUSINESS ROLE MODEL: "Mo Ostin. When I was a young manager, struggling in England, I thought Warner was the best label in the world."