Who owns the Atlantic Recording Corporation?
Atlantic Records
Atlantic was incorporated in October 1947 and was run by Abramson (president) and Ertegun (vice-president in charge of A&R, production, and promotion). Abramson's wife Miriam ran the label's publishing company, Progressive Music, and did most office duties until 1949 when Atlantic hired its first employee, bookkeeper Francine Wakschal, who remained with the label for the next 49 years.[6] Miriam gained a reputation for toughness. Staff engineer Tom Dowd recalled, "Tokyo Rose was the kindest name some people had for her"[7] and Doc Pomus described her as "an extraordinarily vitriolic woman".[8] When interviewed in 2009, she attributed her reputation to the company's chronic cash-flow shortage: "... most of the problems we had with artists were that they wanted advances, and that was very difficult for us ... we were undercapitalized for a long time."[6] The label's office in the Ritz Hotel in Manhattan proved too expensive, so they moved to a room in the Hotel Jefferson.[9][10][11] In the early fifties, Atlantic moved from the Hotel Jefferson to offices at 301 West 54th St and then to 356 West 56th St.