Howard Stern's Company Sues SiriusXM Radio

Discussion in 'The Bar' started by Doug Masters, Mar 22, 2011.

  1. Doug Masters

    Doug Masters ok

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    http://www.tmz.com/



    Howard Stern's production company and manager are suing SiriusXM Radio ... claiming Howard was bilked out of stock awards SiriusXM promised him.



    According to the suit, filed in New York and obtained by TMZ, Sirius courted Howard to come there in the first place by promising him a share "in any success that the company achieved." But the suit claims, once Sirius conquered its chief competitor -- XM -- and acquired more than 20 million subscribers, it decided on its own Howard had been paid enough.

    Stern alleges the subscriber estimates on which his stock bonuses were to be based ranged from 3.7 million in 2006 to 12.1 million in 2010. According to Stern, he actually blew those estimates out of the water and Sirius today has a subscriber base of more than 20 million subscribers.

    The suit claims, "Sirius needed Stern more than Stern needed Sirius."

    The suit seeks unspecified damages.

    Calls to Sirius were not returned.
     
  2. GHP

    GHP New Member Banned User

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    Never get between a Jew and his money :c
     
  3. Doug Masters

    Doug Masters ok

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    :giggle:
     
  4. RH Goatcabin

    RH Goatcabin Notable Member VIP

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    Doesn't he have enough money?
     
  5. x76

    x76 Well-Known Member

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    That's what I was thinking.
     
  6. RH Goatcabin

    RH Goatcabin Notable Member VIP

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    Madness I tell you!
     
  7. nazdrowie

    nazdrowie Sultan of Sweat Gold

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    no no guys, it's all about "principle"...
     
  8. ChuckZ

    ChuckZ You're so pusillanimous, oh yea.

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  9. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    That's not the point.

    What if someone contracted you to do a job and when you finished the job they only paid you half. Would you be all like, "That's ok, I have enough money."

    :rolleyes:
     
  10. baltimore mike

    baltimore mike I wear panties 24/7 364

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    hi bud!!!!!
     
  11. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    Mike!!!!
     
  12. ChuckZ

    ChuckZ You're so pusillanimous, oh yea.

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    I don't think he should get any signed to mainly XM, he had nothing to do with those subscribers.
     
  13. Partyxanimal

    Partyxanimal Well-Known Member

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    I agree with ya.
     
  14. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    Howard was directly responsible for the merger. :rolleyes:
     
  15. ChuckZ

    ChuckZ You're so pusillanimous, oh yea.

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    So they still are separate packages, he had nothing to do with those customers.
     
  16. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    Those customers now fall under the sirius umbrella so technically he brought those customers over. If not for Howard, Sirius would have been gobbled up my XM, not the other way around.

    Put that in your pipe and smoke it.
     
  17. ChuckZ

    ChuckZ You're so pusillanimous, oh yea.

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    Sirius/XM umbrella, a different company. We can debate all day, it's the language of the contract that is important. Another interesting thing, if this was true he should of collected 2 years ago. Instead he waited till the current contract was signed to try & bleed more money out of the company.
     
  18. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    Well chuck, first you post that he's not responsible for xm subscribers and now you're saying that sirius/xm is a different company.

    Just because the company changed names doesn't mean they can shirk their responsibility to honor a contract. If Howard was promised a share "in any success that the company achieved", then he deserves a share. Howard brought in enough subscribers to put sirius over the top. Now that they merged, they feel they can push Howard aside and not honor the contract. It's bullshit.

    Frankly I'm surprised sirius/xm signed Howard on again. My feeling is management feels like they don't need Howard anymore. You can hear it on the show. Howard went from being the messiah to being the enemy.

    Hell, when you log into the online player and tune into Howard, there is a picture of Oprah and O&A. Tell me that's not a slap in the face.
     
  19. RH Goatcabin

    RH Goatcabin Notable Member VIP

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    He's entitled to it, but it's tough to read shit like that when I'm struggling to pay my mortgage.
    I could live the rest of my life on what he makes for one show...
     
  20. GHP

    GHP New Member Banned User

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    Of course you're right Bro

    The only glitch may be if "any success that the company achieved" is in writing :)