Originally Posted by
Ive always been a dreamer
In reading these posts, the 'equal partner' discussion is getting confusing to me so I thought I'd clarify this. According to Felder's book, he was an made equal partner at the time he joined the band in 1974. However, when the band got back together in 1994, his contract was renegotiated and he was 'demoted' to the same status as Joe and Timothy. The terms were that Henley and Frey received 2/7th's of the band's profits each, while Felder, Schmit, and Walsh each received 1/7th apiece.