millbank Posted January 9, 2007 Posted January 9, 2007 Howard Stern Bonus His defection marked a turning point for the nascent business of satellite radio, with both Sirius and larger rival XM Satellite Radio (XMSR) paying millions more to sign other talent and attract listeners to their subscription model. Sirius had about 600,000 subscribers when it signed Stern in 2004 for a contract valued at $500 million over five years. At the time, analysts had forecast the company would grow to about 3.5 million subscribers by the end of 2006. Sirius and Stern agreed to a bonus if the number of subscribers exceeded that forecast by more than 2 million. Last week, the company said it ended 2006 with more than 6 million subscribers, at the middle of a forecast range made in December, triggering the bonus payment of about 22.1 million Sirius shares. Sirius was trading at about $3.80 Tuesday. -Not a bad year for him, $100 million in salary and a $83 million bonus. . Imagine he earns money from other activities.
Mike In Illinois Posted January 10, 2007 Posted January 10, 2007 That's Gangsta Talk for a lot of money. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!
Dante Posted January 10, 2007 Posted January 10, 2007 That's Gangsta Talk for a lot of money.HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! Elliott fan? Guy is insane
The Poojer Posted January 10, 2007 Posted January 10, 2007 he really bugs me..i know the whack pack is an odd sort..but offerman(?) is f---ing messed up Elliott fan? Guy is insane
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