Former CBS Head Walter Yetnikoff on Why the Major Labels Can’t Adapt to the Realities of Today’s Music MarketWalter Yetnikoff, the legendary former head of CBS Records, takes a few minutes at a meeting of the American Bar Association to explain why internet and new-media companies are eating the lunch of the major labels in today’s music marketplace. He also discusses what the major labels could do to reassert their dominant role in the music marketplace, and why the management of those labels makes it unlikely that they will ever manage to do so.