Sirius XM (SIRI -1.1%) CEO Mel Karmazin won't cede control of the company quietly, as he tells...

|About: Sirius XM Holdings Inc. (SIRI)|By:, SA News Editor

Sirius XM (SIRI -1.1%) CEO Mel Karmazin won't cede control of the company quietly, as he tells shareholders at the company's annual meeting in New York that he doesn't want to be responsible for somebody else calling the shots and would like to see any buyer pay a hefty premium. As far as that double-digit drop in SIRI shares over the last year, the usually-loquacious exec sums it up in three words. "Our stock sucks."