Sirius XM Radio Inc. Chief Executive Officer Says Its Time To Exit

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Gabe505

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Apr 24, 2002
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Sirius XM Radio Inc. (SIRI) Chief Executive Officer Mel Karmazin said he will leave on Feb. 1 after clashing with John Malone, the billionaire who plans to take control of the satellite-radio operator.

In a statement, Karmazin said, "SiriusXM is an extraordinary company with an incredible team. It is an honor to come to work here every day where we truly deliver the best radio on radio. I am incredibly proud of what we have accomplished. Given where we started, it is amazing that SiriusXM has grown to become the largest radio company in the world. With a deep bench of...

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