1970s tax-scam label from Hollywood, California, USA. See also Pelican (8) and . Baby Grand Records was headed by , a pianist, composer, arranger and record executive who would later go on to become the president of and Records (discovering , and developing careers of and others). The label was in full swing releasing scores of recordings, all designed to not turn a profit. The premise behind the label had at its foundation a curious loophole in the U.S. tax laws which allowed wealthy investors to realise a tax credit far in excess of their investment. via Discogs →