exercise price

Heck of a Job, Karmi

John Paczkowski in News on July 2, 2009 at 5:10 am PT

Bad news for Sirius XM shareholders hoping for a change in management: Mel Karmazin’s five-year contract as CEO of the satellite radio provider has been extended through December 2012. And he’s been given a raise and new stock options to boot.

By the Time SIRI Hits $4.72 Per Share, I’ll Be Dead Anyway

John Paczkowski in News on May 14, 2009 at 7:40 am PT

Sirius CEO Mel Karmazin says his decision to forfeit 30 million company stock options is a generous enhancement to the company’s stock incentive plan, one that will help it “attract, motivate and retain key employees.” An altruistic move were it not for the fact that the options had an exercise price of $4.72 per share and Sirius’s stock is trading at about 35 cents.