As stated before when YOU are the one that writes the songs, and started the band, YOU chose the other musicians, YOU retain a lot more of the band rights than the rest. The biggest example of that is Lars Ulrich, He has a huge hold because HE started the band, he recruited the other musicians, he makes all the musical decisions. There is no firing him. Same with Sully Erna (Godsmack) He was a drummer that learned to play the other instruments, borrowed some money, made an album THEN hired the rest of the band under his terms. There is also no firing him, funny enough he also fired his drummer....
This is an excellent point but it can be even more simple than this and keep in mind that I am not an attorney and I have never played on TV...
The bass player of a local band, which has been knocking around the area for almost 30 years owns the rights to the name of that band which makes him the only person in the band who can't get fired. Sure; they can mutiny against him but this will be a problem as they would either have to change the name which presents a brand recognition problem, purchase the name from him (buy him out) or license the name from him which means he gets to go do whatever he wants and gets paid while they perform with another bass player.
Most likely, none of those three senarios will happen as they all get along.
It's my understanding that Ross Valory was the original founding member, along with Prairie Prince (the Tubes/Vapors), of Journey. It's also my understanding that when Ross was fired, he, along with Steve Smith had to be bought out because they were in a legally formed partnership. So it wasn't just a simple phone call (back then), email or text message stating that they were fired. There were legal documents which had to be signed and a process to go through. The partnership agreement was their leverage.
I'm assuming that this much like a law firm or an ad agency when a partner departs.
In many of the instances from this summer regarding the "big name acts", most of those are now sole proprietorships, especially the Fighters of Foo, which means the guy who owns the naming rights makes the decisions, for better or worse.
Like I said, I not an attorney....and btw, Jimbo Fisher got paid $36K by Texas A&M today for doing...nothing. Nice work if you can get it!
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