Wednesday, March 30, 2011

Howard Stern's Lawsuit is Siriusly Weak

Investors of SiriusXM - and the company itself for that matter - were shocked to learn last week that the king of all shock-jocks, Howard Stern, had filed suit against SiriusXM for failing to pay out bonuses in accordance with his original contract.

That contract was worth half a billion dollars, for those keeping score at home.

The filing of the lawsuit is surprising in the sense that not only did Stern just months ago decide to
re-up his contract for another five years, but the company seems to have known nothing ahead of time of the suit being filed...

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