Satellite Radio & Competing Technologies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Satellite Radio & Competing Technologies

SIRI 21.69

-6.5%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TimF	3/22/2011 3:44:07 PM
	of 180

Howard Stern's Company Sues SiriusXM Radio 3/22/2011 10:26 AM PDT by TMZ Staff 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. tmz.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next