Thanks for the post Julie. There have been quite a few articles pop up on the subject. I follow this closely. Assume Howard brings in only 2 MM subs. At $10 each, that's $20 MM a month, correct. For $12 months, that's $240 MM correct? And SIRI sinks in $100 total (at least according to BM's article). I'm no mathematician, but that's $120 MM to the good.
Originally Posted by SiriusBuzz
I do believe that stockholders such as myself will be slightly bitter if they sign Howard for more than he currently makes. Having bought and held much of my holdings at < $2 per share, the stock has been disappointing. The continued payout of mega contracts will not set well, but then again, simple math doesn't lie.
I don't know what will happen, but I hope the outcome is win win for every stakeholder of SIRI.
Sterns loss minimal
Sterns loss would be minimal to the future of Sirius XM because the company is still near bankruptcy. Stern never brought home the bacon.
Do you know how many subscribers Sirius had when Howard signed on vs XM at the time? Just curious.
Originally Posted by jackherlihyusa