What better way to sell a merger than taking home a huge paycheck
Published: Sunday, April 29, 2007
 Talk about bad timing. Sirius Radio CEO Mel Karmazin may have just put up yet another brick wall he has to try and break through regarding his dreamy Sirius, XM merger. But he shouldn't have any trouble breaking through it at all because he can use that heavy $31 million pay package he just got. Merger critics are no doubt planning a field day.With CEO compensation becoming a hotly debated flash point among institutional shareholders, Karmazin's pay, disclosed in a proxy filing last Monday, even if deserved is certain to catch the attention of regulators. MERGER CRITICS KEY ON KARMAZIN'S $31M PAY [NYP] Labels: MediaPay, MelKarmazin, SatelliteRadio, Sirius, WeekendWire |
Comments on "What better way to sell a merger than taking home a huge paycheck"
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Fernsehturm said ... (2:19 PM) :
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Anonymous said ... (2:13 PM) :
post a commentI'll bite -- I think we should actually consider this revelation GOOD timing. I work with the NAB, and yes, I'm a merger critic. Karmazin's package only reinforces what the stations we represent have said all along -- that the merger is good for nobody but XM/Sirius. And really, when you consider that the merger would probably also spell the end of innovation (which competition needs) on their radios, can it really be good for XM/Sirius and their listeners anyway? Sounds like a bad idea all around.
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