Wednesday, January 04, 2012

NY Times Attacks Karmazin For Stock Abuse

Holding a CEO responsible? THAT'S UNAMERICAN!

NY Times Attacks Karmazin For Stock Abuse: The New York Times has singled out SiriusXM CEO Mel Karmazin for what the paper calls a pattern of abuse of stock options by corporations to avoid federal income taxes. Using Karmazin as a prime example, the article cites the fact that in 2009 Karmazin was granted 120 million options at an exercise price of 43 cents … more