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Forums » A Very Merry Christmas For AT&T, Comcast CEOs » No Wonder Sirius is Losing Money!
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

No Wonder Sirius is Losing Money!

quote:
Sirius Satellite Radio: Mel Karmazin, CEO, $31.1 million
"Gordon Gekko" was right.

I love my Sirius service but paying any executive this kind of salary when the company is losing money hand over fist is insane.

I'll make an offer to Sirius... Hire me to be the CEO. I will continue losing money, but take only $1 million a year.
--
Only SHATNER is Kirk.

MadMANN
Premium
join:2005-08-19

Re: No Wonder Sirius is Losing Money!

And Howard Stern is making over three times that per year. At least the talent is making more than the suit in this case.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Re: No Wonder Sirius is Losing Money!

said by MadMANN See Profile :

And Howard Stern is making over three times that per year. At least the talent is making more than the suit in this case.
Stern is worth every penny and then some. If he had not single-handedly increase Sirius' subscribership by at least 4x, Sirius would have gone under by now.
--
Only SHATNER is Kirk.

MadMANN
Premium
join:2005-08-19
·Comcast

Re: No Wonder Sirius is Losing Money!

said by pnh102 See Profile :

said by MadMANN See Profile :

And Howard Stern is making over three times that per year. At least the talent is making more than the suit in this case.
Stern is worth every penny and then some. If he had not single-handedly increase Sirius' subscribership by at least 4x, Sirius would have gone under by now.
I agree 100%.

onebadmofo
Repost These Nuts In Your Mouth.
Premium
join:2002-03-30
Reading, PA

Re: No Wonder Sirius is Losing Money!

But if he's bringing in so much more customers, why are their stocks are nothing but shit?

MadMANN
Premium
join:2005-08-19

Re: No Wonder Sirius is Losing Money!

If you think they are shit now, you should have seen them before he showed up and pulled the sub numbers up. They would be out of business completely if not for him.

onebadmofo
Repost These Nuts In Your Mouth.
Premium
join:2002-03-30
Reading, PA
·Comcast

Re: No Wonder Sirius is Losing Money!

said by MadMANN See Profile :

If you think they are shit now, you should have seen them before he showed up and pulled the sub numbers up. They would be out of business completely if not for him.
Oh yeah I seen them. That's why I bought into them. I though he'd bring that business up and I thought I'd make some money off of them. Turns out...I'm losing money.
BosstonesOwn

join:2002-12-15
Everett, MA
clubs:
·Comcast

Re: No Wonder Sirius is Losing Money!

said by onebadmofo See Profile :

said by MadMANN See Profile :

If you think they are shit now, you should have seen them before he showed up and pulled the sub numbers up. They would be out of business completely if not for him.
Oh yeah I seen them. That's why I bought into them. I though he'd bring that business up and I thought I'd make some money off of them. Turns out...I'm losing money.
I made a nice chunk. I owned their stock when it was at the low low price of 1.76 a share, needless to say I sat on it and watched XM climb thanks to clearchannels advertising infusion and kept holding , once that sucker hit almost $10 a share i dumped it faster then I could type.

Laughed all the way to the bank.

Right now owning Sirius is a good looking gamble if they merge it's a gold mine.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"

onebadmofo
Repost These Nuts In Your Mouth.
Premium
join:2002-03-30
Reading, PA
·Comcast

Re: No Wonder Sirius is Losing Money!

said by BosstonesOwn See Profile :

said by onebadmofo See Profile :

said by MadMANN See Profile :

If you think they are shit now, you should have seen them before he showed up and pulled the sub numbers up. They would be out of business completely if not for him.
Oh yeah I seen them. That's why I bought into them. I though he'd bring that business up and I thought I'd make some money off of them. Turns out...I'm losing money.
I made a nice chunk. I owned their stock when it was at the low low price of 1.76 a share, needless to say I sat on it and watched XM climb thanks to clearchannels advertising infusion and kept holding , once that sucker hit almost $10 a share i dumped it faster then I could type.

Laughed all the way to the bank.

Right now owning Sirius is a good looking gamble if they merge it's a gold mine.
I heard that if they merge, stocks on the Sirius side won't much of anything. But the XM side of things could see a big increase.

How could that be true?

james

join:2001-02-26
antarctica

Re: No Wonder Sirius is Losing Money!

Obviously because they would now have access to the great Bababooey.

Titus Pullo
I came, I saw, I slept

join:2004-06-26
·Embarq

said by pnh102 See Profile :

said by MadMANN See Profile :

And Howard Stern is making over three times that per year.
Stern is worth every penny and then some.
Let's quantify to whom: Stern is worth three times that much to Sirius; he's worth nothing to me, and hasn't been since I outgrew him 20 years ago. Same tired old shtick still working its magic on the young or developmentally challenged.

The communism crap argument is too old to entertain. The salaries of CEOs are obscene in comparison to labor. Period.
--
.sig murdered by teh Grease Man
gswonsn

join:2000-11-03
Atlanta, GA
·Comcast
·Charter Pipeline

Re: No Wonder Sirius is Losing Money!

They will continue to lose money as long as they offer the inferior content that they do and over pay those that don't deserve that much money. I am only worried that if and/or when their merger with the much netter XM radio that they will change it. I got a free subscription to Sirius with a new car and it has been the biggest disappointment of that purchase. They are not the best radio on radio, but merely a non-commercial subscription radio that is no better than listening to free over the air broadcast. Why is Stern worth that much money when XM was able to get Oprah for much less than $1 million? Seems that they are much better bargainers and would some day some be profitable since they are paying talent and executives all the money that their subscribers pay each month.
BosstonesOwn

join:2002-12-15
Everett, MA
clubs:
·Comcast

Re: No Wonder Sirius is Losing Money!

Because Oprah is just a brand , she doesn't develop content for their system , just rehashed shit from her show.

Oprah took the money and ran , just like she does from her followers.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"
Reese1972

join:2003-03-08
Hazel Park, MI

Re: No Wonder Sirius is Losing Money!

The sound is not that good either.

PolarBear
The bear formerly known as aaron8301
Premium
join:2005-01-03
·CableOne


1 edit
Yes, the first thing I thought when I read this post was "Sirius is losing boat-loads of money and they're paying this asshole $31M a year?!?" Like, WTF, M8?!?

Either get someone in there who can change some things and help the annual reports, or give this asshat a 95% pay cut.

Edit: there != they're - doh!

redhat1968

join:2000-10-17
Appleton, WI
clubs:
I wouldn't roll out of bed for that chump change....
BosstonesOwn

join:2002-12-15
Everett, MA
clubs:
·Comcast

said by pnh102 See Profile :

quote:
Sirius Satellite Radio: Mel Karmazin, CEO, $31.1 million
"Gordon Gekko" was right.

I love my Sirius service but paying any executive this kind of salary when the company is losing money hand over fist is insane.

I'll make an offer to Sirius... Hire me to be the CEO. I will continue losing money, but take only $1 million a year.
Doesn't seeing that pay day make you sick ? I think he is a good ceo but not that good.

Seeing at&t and the comcast ones make me sick as well. These drops add a lot to the bucket when it comes to price increases.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Re: No Wonder Sirius is Losing Money!

said by BosstonesOwn See Profile :

Doesn't seeing that pay day make you sick ? I think he is a good ceo but not that good.
Well just to clarify, I would have no problem with Karmazin making infinity dollars an hour if Sirius was also making that kind of money.
said by BosstonesOwn See Profile :

Seeing at&t and the comcast ones make me sick as well. These drops add a lot to the bucket when it comes to price increases.
I'm not familiar with AT&T or Comcast's financial details so I can't really comment on their executive pay. However, I do know that AT&T Wireless still seems to have the same dead zones in the same places as it has had for many years, and has yet to fix them. You'd think with all the money spent on trashing the Cingular brand that they could have put up a few new cell towers instead.
--
Only SHATNER is Kirk.

onebadmofo
Repost These Nuts In Your Mouth.
Premium
join:2002-03-30
Reading, PA
·Comcast

Re: No Wonder Sirius is Losing Money!

said by pnh102 See Profile :

said by BosstonesOwn See Profile :

Doesn't seeing that pay day make you sick ? I think he is a good ceo but not that good.
Well just to clarify, I would have no problem with Karmazin making infinity dollars an hour if Sirius was also making that kind of money.
said by BosstonesOwn See Profile :

Seeing at&t and the comcast ones make me sick as well. These drops add a lot to the bucket when it comes to price increases.
I'm not familiar with AT&T or Comcast's financial details so I can't really comment on their executive pay. However, I do know that AT&T Wireless still seems to have the same dead zones in the same places as it has had for many years, and has yet to fix them. You'd think with all the money spent on trashing the Cingular brand that they could have put up a few new cell towers instead.
AT&T is now Cingular. After acquiring those other towers...they're STILL shitty?

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Re: No Wonder Sirius is Losing Money!

said by onebadmofo See Profile :

AT&T is now Cingular. After acquiring those other towers...they're STILL shitty?
Well prior to the original merger, in which Cingular bought out the old AT&T Wireless (2003ish I think?), they had roamed on each other's networks. I had noticed the same dead zones we ran into near my relatives' houses back at that time are still there now.
--
Only SHATNER is Kirk.

onebadmofo
Repost These Nuts In Your Mouth.
Premium
join:2002-03-30
Reading, PA
·Comcast

Re: No Wonder Sirius is Losing Money!

said by pnh102 See Profile :

said by onebadmofo See Profile :

AT&T is now Cingular. After acquiring those other towers...they're STILL shitty?
Well prior to the original merger, in which Cingular bought out the old AT&T Wireless (2003ish I think?), they had roamed on each other's networks. I had noticed the same dead zones we ran into near my relatives' houses back at that time are still there now.
Yeah I have those dead zones with Nextel. You go into my mother in laws house and there goes your reception.
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