Sirius’ Mel Karmazin salary: $3.45 million
Sirius Satellite Radio boss Mel Karmazin raked in $3.45 million in compensation last year - but so far this year stockholders have fared less well.
The company’s stock has dropped nearly 25 percent this year, following the launch of shock jock Howard Stern’s show on Sirius.
According to a filing yesterday with the Securities and Exchange Commission, Karmazin made $1.25 million in salary plus a cash bonus of $2.2 million. Karmazin inked a five-year contract with Sirius in November of 2004 after resigning as president of Viacom.