Wednesday, January 11, 2006
WSJ.com - Stern and SIRI
"The Stern package includes $80 million each year for five years, which must cover the show's expenses as well as line Mr. Stern's pocket. In addition, he gets 34 million shares of Sirius stock, which were valued at just over $100 million when the deal was signed, and now are valued more than $200 million. The contract provides for further stock incentives if Sirius's performance continues to exceed expectations."
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