U2 lead by Bono, Buddy Guy, The Pretenders, The O'Jays, Percy Sledge, Sire Records co-founder Seymour Stein and agent Frank Barsalona were inducted into the Rock and Roll Hall of Fame this week.

U2 with Bono, Pretenders, O'Jays and Rock and Roll Hall of Fame

U2 with their leader Bono, Buddy Guy, The Pretenders, The O'Jays, Percy Sledge, Sire Records co-founder Seymour Stein and agent Frank Barsalona were inducted into the Rock and Roll Hall of Fame this week.

Bruce Springsteen, who inducted them into the Hall said, "U2 hungered for it all and built a sound, and they wrote the songs that demanded it."

U2, generously sprayed with champagne, wrapped up the show in Waldorf-Astoria Hotel in New York with a spectacular performance of 4 songs, in which Bono entered the crowd to sing to Catherine Zeta-Jones.

The Hall is located in Cleveland but the ceremonies, the twentieth anniversary, took place in New York's Waldorf-Astoria Hotel.

Backstage, the Irish rocker, U2 frontman Bono was asked about being considered for the World Bank head position and Nobel Peace Prize nomination.

"I'm not sure a rock star who is already having the cream on the cake would ever have a Nobel Peace Prize. I'm just having the best life anyone could ever be given, just as it is being in a rock 'n roll band," Bono stated.

At a ceremony, Eric Clapton, Bo Diddley, and Robbie Robertson performed the song, joining Jerry Lee Lewis on "Whole Lotta Shakin' Goin' On."

U2 star Bono says that the acts that have been inducted into the Rock and Roll Hall of Fame wouldn't stand a chance of survival in today's music business.

The Irish star, who recently became Member of Hall of Fame at a ceremony in New York Monday night, is convinced that the modern music industry isn't designed for acts who put longevity over immediate success.

Bono says: "There is very little chance for there to be another U2 the way the business is constructed right now. You have to have the single immediately. If you don't, you don't get a second chance.

"I don't think that's what the great American artists or the great European artists, for that matter, have come out of. Bruce Springsteen didn't have a single for 10 years. Neil Young, I'm not sure he ever had a single; and every song Neil Young does sounds like a single to me," added Bono.

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