Back on this day 25 years ago............WEDNESDAY MARCH 16th 1977
1977
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HELLO EMI GOODBYE A&M
  Exactly a week since signing to the label, the Sex Pistols were sacked from A & M records today. A personel decision on the part of 31 year old Managing Director, Derek Green. They were just too hot to handle for him and he spent 4 days deliberating till the Speakeasy incident brought his decision to a head. This is the same geezer who less than a week ago had proclaimed "I believe the Sex Pistols will effect some major changes in rock music and we at A&M are excited by them, their music and have entered into a world-wide recording agreement!" . The real reason of course is the bands loutish behaviour, it was just too much. Production of their single 'God Save The Queen' , which had been tentatively scheduled for release later this month, has been haltedin it's tracks, thus sealing it's fate in punk rock folklore as the most desired punk single ever! After being summoned to an important meeting with A&M Records. Sex Pistols manager Malcolm McLaren walks away with another terminated contract and a nice little severence cheque for £25,000! Which brings the grand total of the previous advance of £50,000 to £75, 000!!! Not bad for a weeks work. McLaren later quiped..."I keep walking in and out of offices being given cheques!"
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