8-30-2012
Let the speculation begin. The Sirius XM stock will be an intersting one to watch on Friday. The company announced that CEO Mel Karmazin "has adopted a trading plan" and will be selling 30 million shares, possibly by mid-September. How will the market react knowing that Karmazin's contract expires at the end of this year and with Liberty creeping closer to taking a majority position in the company. Karmazin briefly mentioned his contract on Sirius' Q2 conference call but he certainly did not comitt to returning. Officially from the company, the Karmazin trading plan "is intended to facilitate Mr. Karmazin's personal financial planning strategy of asset diversification and liquidity."
(8/30/2012 9:16:12 PM)
Good for Mel!
Don't trust Malone, he will screw your ass!!
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