WOW, Stern gets awarded an $83 Million Bonus.........
 

Just read it on CNN , He already gets a 500 Mill compensation package. How long can Sirius expext to lose $ and still stay in business?
http://money.cnn.com/2007/01/09/news...ex.htm?cnn=yes

big time money being thrown his way

he got the bonus in stocks, but still....seems excessive!

83 million damn

I saw that, still, he's probably not hurting for lunch money:1orglaugh

Howard said that last quarter Sirius made a profit for the first time since they launched

That's makes no sense...

I don't understand how that is possible unless they are operating on the Enron accounting model. Got me scratching...

We watched his Private Parts video again the other night, funny as hell!

That's way too much capital to have invested in a company like Sirius. I predict he'll be selling most if not all of that stock soon.

wow thats alot of money!

He also got a 200million bonus before he even went on the air last year because so many people signed up

If I were him I'd be selling alot of that stock. it's up 1.8% today. still under $4 though

this is so allot :):pimp

wow that's nuts!

Good for him..I love his style and he just does whatever he wants..:thumbsup


Mr. Romance

I'm sure customers will increase. Maybe XM and Sirius need to merge.

I think so too. I would sell it all now.

it is smart. He is their marketing. just yesterday I saw a store display with him all over it.

Think about it. some one is thinking of buying the radio and they are standing in front of a display they have a choice between two. One has a star and the other you don't know. who do you go with? The star.

The article says they increased subscribers by greater than 2 million above what the analyst expected. This game is all about market share. Once you win the market then you cut costs. Think of amazon.com

They do have over 600,000 subscribers you know....

At $12.95/month minimum that's over US$8 millions a month....

I heard on the news, that he just registered to sell $22 million dollars worth of that stock.

Ooops... Make that over 6 MILLION subscribers and over US$80 Millions per month.

Most likely to pay taxes on the stock he got

thats 960 mill in a year, 500 of that is part of Stern's compensation package, in one form or the other. That leaves 460 for operating expenses. Wonder how much they lose a year?

500million if for 5 years not 500million per year

Oh and its not 12.95 times 6,000,000 ..for instance i have 3 subscriptions and 2 of them are about $6/month each

he's one of the best entertainers ever. He deserves what he gets paid, every cent. His listeners are extremely loyal, and I know a lot of people who just got Sirius just for him.

his Howard TV on demand is great also

I got to get sirius I miss him

what a waste of money to some clown
Howard the Clown used to be Bozoo

using other peoples money and amazing projections..

its obvious they're making mad money off him... otherwise they wouldn't give him any bonus

He better be careful. Captain Kirk was getting paid in stock, and got fucked.

Thats because he didnt cash out part of it, I guess he enjoyed looking at the paper profits:winkwink:

I listen to him every day. He was saying that around 6,000 people a day sign up for Sirius. That's pretty impressive.

If I were Sirius the one thing I would worry about is the fact that he is getting older and there is no telling how long he will stay in the game. He has 4 years left on his contract. If they average 1.5 million new subscribers a year they will add another 6 million before his contract is up and bring their total to around 12 million. The question is how many of them will stick around if he decides to retire and stop doing the show? I think they are working now to add stuff that people will want in order to avoid a huge drop when he does retire. They added NASCAR and NFL and they are always putting new stuff on there so I think they are trying to use Stern to bring them in and then use the other stuff to help keep them. I'm not sure how well it will work, but he can't go on forever so they need to do something if they are going to stay alive when he does leave. They have to be worried though. Many of the radio stations he was on when he was on normal radio have all but disappeared since he left them.

The whole business model at this point revolves around getting subscribers. After they have them they are counting on being able to hook them with other content and shows. kinda like going back to dial up after having had DSL or getting rid of your cell phone. It's not going to happen. After then get enough market share they will stop paying crazy ass money for content. Howard Stern retiring at the right time would probably be good for them. The worst thing that could happen would be Stern jumping ship to the competition.

Man thats too much!!!

lucky fecker!!!

... and shareholders continue to get fucked

Without question. If Stern left them for a competitor they would be screwed, but I think once people have the service for a while you never want to go back to regular radio and they are counting on that. I think they will do well as long as they continue to develop new content while Stern is still on the air. Also Howard has the rights to all of his old shows. They could license them and play them and people would still listen. He has 20 years worth of shows they could keep playing even after he retires.

thats alotta bones
damn