Irving Azoff said he resigned as chairman of Live Nation Entertainment on Monday because "the process of being a public company in America right now sucks if you're an entrepreneur."
In an exclusive interview with TheWrap, Azoff, whose position at the head of the largest concert promoter and ticket-seller in the world made him uniquely powerful in the music industry, said he was tired of the demands of a public company and wanted to go back to managing talent.
"Life at a public company ain't for me," Azoff (right, with Judd Apatow at TheGrill) said. "The board pays you what your worth, then you get reamed for your compensation. They don't like the way you elect directors, you should be giving options. It's horses---. You can't be an entrepreneur and work in a public company anymore."
He went on: "I bit off more than I could chew. I can't get through the day with 600 emails and 250 phone calls and feel good about it anymore. There's a zillion meetings that came off my schedule today that were not creating any revenue, that I did because we're ...