Comments on: Sirius XM CEO Mel Karmazin Gets New Contract

By: mike

mike — Sat, 04 Jul 2009 16:44:57 +0000

WE WON’T LOSE!

By: Vince

Vince — Thu, 02 Jul 2009 12:27:00 +0000

Mel and Howard were the reason I bought the stock. I followed them on FM and these guys don’t like to lose!

By: D Railroad

D Railroad — Thu, 02 Jul 2009 12:26:56 +0000

C-Levels doing any kind of a split, prior to exercising stock options would be grounds for an investigation. That’s it.

Other than that, class actions against companies are currently (last 2 years esp.) in vogue and an opt. Why, with class actions, I’ve actually heard of investors getting as high as $.10 (Cents) on the Dollar (of lost funds).

By: bubba-ho-tep

bubba-ho-tep — Thu, 02 Jul 2009 10:32:51 +0000

After a good night’s rest, I awoke this morning with a new worry – or rather a concern. I am still happy about Mel being kept on and the recent upturn in SiriusXm….HOWEVER….I had a terrible thought…..

What if Mel waits to do a 1 for 50 reverse split before he exercises his 120 million options????!!!

Sure, it’d be GREAT for him, but a HUGE SLAP in the face for longs. The ULTIMATE insult.

My question is would such a move even be legal? Could Mel be sued for doing such a thing after putting loyal shareholders thru hell only to take away most of their shares while giving himself millions of shares at todays cheap prices?

In my gut, I don’t see Mel doing this after all his talk about shareholder value. For him to break such a promise would surely result in a mass outrage that would make Hartlieb’s look pale in comparison.

Anyway….just thinking. This is my last worry. Otherwise, I feel VERY confident about Sirius turning the corner now and us long suffering longs FINALLY seeing some daylight.

By: D Railroad

D Railroad — Thu, 02 Jul 2009 04:34:03 +0000

@Jay Fishmanb
J Fishman – incorrect about Cramer; he changes FASTER than the weather during the Midwest Tornado season. Late last year he was virtually upset at analysts for slamming Sirius and the FCC for interfering with the merger. Cramer? = mindless entertainment for corporate meetings.

b-ho-tep – “Synergies?” Like what, for instance?