Jerry Moss their new-found company A&M Records. After the A&M label was purchased by PolyGram, the two men went on to form Almo Sounds in 1994, a new record label which continues to operate. Moss and Herb Alpert were inducted into the Rock and Roll Hall of Fame in 2006 as nonperformers. Jerry Moss and his wife, Ann, are also longtime horse breeders and owners who received the largest ever first-place purse from the Kentucky Derby in 2005 after the victory of the first horse he had ever entered in that race, Giacomo. In 2004, Moss was appointed to the California Horse
Karen Carpenter (album) heart." The liner notes (including comments from Richard Carpenter and producer Phil Ramone) include Richard's explanation for shelving the album in 1981, and his later decision to release it as Karen approved it. Karen was backed by various New York and Los Angeles studio musicians, including Steve Gadd, Greg Phillinganes, Louis Johnson and members of Billy Joel's band. A&M executives in New York approved the material, but the executives in Los Angeles, including label owners Herb Alpert and Jerry Moss, responded negatively. Ramone recalls that Carpenter broke down in tears. Devastated, she accepted A&M's urging not to release the album.