his shares of Warner Bros stock, netting him around $1 million. However, label biographer Warren Zanes and former WBR executive Stan Cornyn both opined that this was merely a pretext, and that the studio effectively scapegoated Conkling for the label's earlier failures, pointing to the fact that Conkling's successor had been selected well before Conkling was terminated. Conkling resigned in the fall of that year, and was replaced by Mike Maitland, another former Capitol Records executive. Around the same time, Joe Smith was appointed as head of promotions. Warner Bros. made another prescient signing in folk group Peter, Paul & Mary. The trio had been on the verge of signing with Atlantic Records, but before the deal could be completed they were poached by Warner Bros. Artie Mogull (who worked for one of Warner Bros.' publishing companies, Witmark Music) had introduced their manager Albert Grossman to Herman Starr, and as a result the group signed a recording and publishing deal with Warner Bros. Grossman's deal for the group broke new ground for recording artists — it included a substantial advance of $30,000 and, most significantly, it set a new benchmark for recording contracts by stipulating that the trio would have complete creative control over the recording and packaging of their music. Soon after, Grossman and Mogull signed a publishing deal that gave Witmark one of its most lucrative clients, Bob Dylan. Grossman bought out Dylan's previous contract with Leeds Music and signed the then-unknown singer-songwriter to Witmark for an advance of $5000. Two years later in 1963, Peter, Paul & Mary scored two consecutive Top 10 hits with Dylan songs, launching Dylan's career, and this was followed by many more hits by artists covering Dylan's songs, alongside the growing commercial success of Dylan himself. Grossman benefited enormously from both deals, because he took a 25% commission as Dylan's manager, and he structured Dylan's publishing deal so that he received 50% of Witmark's share of Dylan's publishing income—a tactic that was later emulated by other leading artist managers such as David Geffen. Meanwhile, the label enjoyed further major success with comedy recordings. Comedian Allan Sherman (who had been signed on the personal recommendation of George Burns), issued his first Warner LP My Son, the Folk Singer in 1962. The album, which satirized the folk boom, became a major hit, selling over a million copies, and winning a Gold Record award, and