Karmazin Resigns Early - Liberty to Choose Successor

Discussion in 'The Howard Stern Show' started by BethSucks, Dec 19, 2012.

  1. BethSucks

    BethSucks Administrator Administrator

    Reputations:
    142,172
    Joined:
    Jan 15, 2012
    Messages:
    9,002
    Likes Received:
    2,074
    http://www.latimes.com/entertainmen...-sirius-xm-meyer-ceo-20121219,0,3596214.story

    Sirius XM Radio has tapped James Meyer as its interim chief executive officer while the search for a permanent replacement for Mel Karmazin continues.
    Meyer, currently president of sales and operations, has been with the satellite radio broadcaster since 2004. He will also take Karmazin's spot on the Sirius XM board of directors.
    Karmazin, who announced his plans to resign earlier this fall, had said he would stay with Sirius XM until February. However, with the appointment of Meyer, Karmazin's resignation as CEO and board member takes effect immediately.
    "We are fortunate to have a very strong executive team in place at SiriusXM and in Jim we have a highly qualified leader and operator," said Eddy Hartenstein, Chairman of the board of directors of SiriusXM in a statement. Hartenstein is also the chief executive of Los Angeles Times parent Tribune Co.
    Liberty Media, which is the largest shareholder in Sirius XM, has created a search committee to find a replacement for Karmazin.
  2. Nemo

    Nemo Beer Can Thick Gold

    Reputations:
    263,571
    Joined:
    Sep 7, 2010
    Messages:
    69,354
    Likes Received:
    5,823
    :yay:
    James Meyers
    [​IMG]
    Last edited: Dec 19, 2012
  3. Nemo

    Nemo Beer Can Thick Gold

    Reputations:
    263,571
    Joined:
    Sep 7, 2010
    Messages:
    69,354
    Likes Received:
    5,823
    James Meyers
    [​IMG]
    :lol:
  4. Bye You!

    Bye You! Extreme VIP Gold

    Reputations:
    113,144
    Joined:
    Sep 3, 2010
    Messages:
    66,506
    Likes Received:
    3,323
  5. Nemo

    Nemo Beer Can Thick Gold

    Reputations:
    263,571
    Joined:
    Sep 7, 2010
    Messages:
    69,354
    Likes Received:
    5,823
    James Meyers Sirius
    :c
    [​IMG][​IMG]
    Last edited: Dec 19, 2012
  6. Nemo

    Nemo Beer Can Thick Gold

    Reputations:
    263,571
    Joined:
    Sep 7, 2010
    Messages:
    69,354
    Likes Received:
    5,823
  7. BethSucks

    BethSucks Administrator Administrator

    Reputations:
    142,172
    Joined:
    Jan 15, 2012
    Messages:
    9,002
    Likes Received:
    2,074
    How will Howard handle not having a member of the tribe running the company, not only will he not be a partner, he won't even be in the club.
  8. harlock

    harlock Coming Soon... Gold

    Reputations:
    54,091
    Joined:
    Jan 6, 2012
    Messages:
    30,294
    Likes Received:
    1,307
    Wiggy can still totally outrun this dude...:dontknow:
  9. BethSucks

    BethSucks Administrator Administrator

    Reputations:
    142,172
    Joined:
    Jan 15, 2012
    Messages:
    9,002
    Likes Received:
    2,074
    Some salary info from Seeking Alpha, bet Stern sees that $200 million Mel is walking away with as his money:

    Mr. Meyer shall receive a base salary of $1,300,000 per year, and annual bonuses in an amount to be determined by the compensation committee of our board of directors. The amendment also: extends the term of his agreement to October 31, 2013; changes the date that Mr. Meyer may elect to retire to October 2013; and provides that if Mr. Meyer's employment terminates after another person is appointed as our chief executive officer, then Mr. Meyer will be entitled to an additional bonus...

    The filing goes on to say that Karmazin resigned yesterday, December 18. His total compensation for 2011 was almost $10 million with bonuses. That amount will be much higher for 2012 due to stock options which he cashed in for more than $200 million. Will this be for retirement, or seed money for a new venture?
  10. NotMyBro

    NotMyBro Moderator Staff Member

    Reputations:
    79,976
    Joined:
    Nov 7, 2012
    Messages:
    6,498
    Likes Received:
    4,124
    [​IMG]

    Didn't everyone expect Scott Greenstein to replace Mel? Scott hates Howie and vice versa. Maybe Howie is in better relations with Meyer guy.
  11. BethSucks

    BethSucks Administrator Administrator

    Reputations:
    142,172
    Joined:
    Jan 15, 2012
    Messages:
    9,002
    Likes Received:
    2,074
  12. Caster Fly

    Caster Fly New Member Shot Dead

    Reputations:
    294
    Joined:
    Jan 18, 2012
    Messages:
    8,711
    Likes Received:
    0

    Maybe he will put Howies play on broadway. :idea:
  13. BethSucks

    BethSucks Administrator Administrator

    Reputations:
    142,172
    Joined:
    Jan 15, 2012
    Messages:
    9,002
    Likes Received:
    2,074
    Malone and Liberty are in charge now and they have more of the traditional midwest type values and ideas. People whose names end in berg, stein and stern are no longer going to have preference.
  14. Bye You!

    Bye You! Extreme VIP Gold

    Reputations:
    113,144
    Joined:
    Sep 3, 2010
    Messages:
    66,506
    Likes Received:
    3,323
    :c. :haha:

    And sock him in the jaw. :punch:
  15. username

    username Active Member VIP

    Reputations:
    0
    Joined:
    Jan 18, 2012
    Messages:
    2,957
    Likes Received:
    0
    + reps
    :)
  16. Beth143nacho

    Beth143nacho Well-Known Member VIP

    Reputations:
    15,394
    Joined:
    Jan 15, 2012
    Messages:
    8,054
    Likes Received:
    441
    Too bad howie will treat this as breaking news... Two weeks fr now.
  17. Kamie

    Kamie Active Member

    Reputations:
    -3
    Joined:
    Mar 13, 2012
    Messages:
    3,374
    Likes Received:
    0
    It doesn't sound like this resignation is voluntary. They wanted him out before February.
  18. Wonder Trash

    Wonder Trash Active Member

    Reputations:
    0
    Joined:
    Jan 17, 2012
    Messages:
    1,054
    Likes Received:
    1
    Howard still has this club to fall back on:

    [​IMG]
  19. Caster Fly

    Caster Fly New Member Shot Dead

    Reputations:
    294
    Joined:
    Jan 18, 2012
    Messages:
    8,711
    Likes Received:
    0
    Mel is on vacation with Howie.


    [​IMG]
  20. skylarbrie

    skylarbrie Well-Known Member VIP

    Reputations:
    22,546
    Joined:
    Apr 26, 2012
    Messages:
    4,494
    Likes Received:
    387
    howard's security blanket is gone, howard is without a friend in siri's management.

Share This Page