My choice here is World Party. Karl Wallinger left The Waterboys in the mid-'80s and went bigger in almost every meaningful way. Mike Scott is IMO the more original and personal songwriter, but Wallinger is just a master re-cycler. He steals (pretty much exclusively) from The Beatles, The Stones, and Dylan and - given his particular gift - that's a surefire recipe for success.
"Goodbye Jumbo" (their best, IMO) was released in 1990, but I'll call these guys an '80s band, anyway.