Mel Karmazin is a partner....

Discussion in 'The Howard Stern Show' started by Nemo, Dec 30, 2011.

  1. Nemo

    Nemo Beer Can Thick Gold

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    ...Howard is not....:coffee:


    http://www.nytimes.com/2011/12/30/b...indfall-for-businesses.html?_r=2&ref=business
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    ".............For example, in the dark days of June 2009, Mel Karmazin, chief executive of Sirius XM Radio, was granted options to buy the company stock at 43 cents a share. At today’s price of about $1.80 a share, the value of those options has risen to $165 million from the $35 million reported by the company as a compensation expense on its financial books when they were issued.

    If he exercises and sells at that price, Mr. Karmazin would of course owe taxes on the $165 million as ordinary income. The company, meanwhile, would be entitled to deduct the full $165 million as compensation on its tax return, as if it had paid that amount in cash. That could reduce its federal tax bill by an estimated $57 million, at the top corporate tax rate.

    SiriusXM did not respond to repeated requests for comment..... "
     
  2. Butcher

    Butcher ?

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    :coffee: This isn't going to sit well
     
  3. Nemo

    Nemo Beer Can Thick Gold

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    Hopefully Chatter Robin will cover this story about lying thieving one percent'rs.
    Maybe she'll even organize an 'Ocuppy' action...:coffee:
     
  4. Butcher

    Butcher ?

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    Robin has no time for such nonsense

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  5. Nemo

    Nemo Beer Can Thick Gold

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    I expect Quivers racial and political agenda will be off the charts this upcoming election year.