" There was, though, a sharp divide between classical and pop in the upper echelons; although the pop releases were subsidising the classical recordings, the staff who created them were treated like other ranks by the top brass. The chairman, Sir Joseph Lockwood, must take a lot of credit for bringing down this antiquated hierarchy. To put things in context, two years before he joined EMI, the board had decided there was ‘no future’ in the long-playing record. "

― Nick Mason , Inside Out: A Personal History of Pink Floyd