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Events on Tuesday 29 May 1973 1
1973Fired from Columbia — expense account scandalDavis is fired from Columbia Records on 29 May 1973 — one of the most shocking corporate dismissals in music industry history. CBS accuses him of misusing company funds for personal expenses, including renovations to his apartment. The accusations are partly true and partly a pretext for removing a president who had become more famous and powerful than his corporate superiors were comfortable with. Davis denies wrongdoing and the matter is eventually settled without criminal charges. He is devastated — but begins planning his next move almost immediately.