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

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."
Comments (9)
  • Just wondering how good of a premium can one get when the CEO states his stock sucks
    23 May 2012, 04:05 PM Reply Like
  • if "our stock" sucks and you know this, why not fix it instead of selling millions of your shares?
    23 May 2012, 04:20 PM Reply Like
  • Mr. CEO return capital to shareholders. Make the call!
    23 May 2012, 04:34 PM Reply Like
  • You think he would make any kind of call
    23 May 2012, 06:43 PM Reply Like
  • I wouldn't touch the stock, but the reception of Sirius in my new car sure sucks!
    23 May 2012, 05:58 PM Reply Like
  • Since when have the stockholders become Mel's adversaries/victims? Worse! The obvious targets of his contempt.......
    23 May 2012, 06:45 PM Reply Like
  • Since when have the stockholders become Mel's adversaries/victims? Worse. What have they done to earn his obvious contempt?
    23 May 2012, 06:47 PM Reply Like
  • I know little - but have travelled a lot and have an interest in the geo-plitical climate of our world today so I take an interest in investment and industry . I am - however - just a shrink in northern Canada. It would seem much too obvious - but could Karmazins statements have been an attempt to devalue the stock to facilitate a takeover - or to somehow appease the FCC? Thoughts on this ...?
    30 May 2012, 05:58 AM Reply Like
  • I have to agree never in my entire life have i ever heard a CEO belittle his company in such a manner
    30 May 2012, 08:02 PM Reply Like
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