NEW YORK - Howard Stern the popular shock jock who has stood up to all authority figures. These authority figures often include his bosses such as his boss at W-N-B-Ceeee. Howard has had another run-in with his boss. The shock jock has had a legendary career by going against the grain usually for entertainment but this time it is for money.
Mel Karamzin the CEO of Sirius radio has seen its relationship deteriorate with Howard Stern. Stern followed Karmazin to Sirius in 2004. Stern has since grown Sirius from 675,000 listeners to over 20 million listeners. The case is likely to be heading to trial regarding Stern's stock option compensation.
Sirius stock has surged since it reported first quarter results on May 3; the company has a market capitalization of $15 billion when you factor in dilution from its stake from Liberty Media.
To see the full Sirius report click here.
No comments:
Post a Comment