Leisa
01-09-2007, 02:11 PM
Sirius gives Howard Stern $83 million bonus
Satellite radio star's reward comes on top of his $500 million pay package
Updated: 1 hour, 18 minutes ago
NEW YORK - Sirius Satellite Radio Inc. paid Howard Stern an $83 million stock bonus Tuesday after the company beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.
The bonus came one year after Stern started broadcasting his hugely popular and racy programming on satellite radio. The stock bonus is on top of Stern’s five-year, $500 million pay package that he signed in October 2004.
Sirius said in a statement that it paid Stern slightly more than 22 million shares of stock after exceeding a year-end subscriber goal for 2006 by more than two million.
Satellite radio star's reward comes on top of his $500 million pay package
Updated: 1 hour, 18 minutes ago
NEW YORK - Sirius Satellite Radio Inc. paid Howard Stern an $83 million stock bonus Tuesday after the company beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.
The bonus came one year after Stern started broadcasting his hugely popular and racy programming on satellite radio. The stock bonus is on top of Stern’s five-year, $500 million pay package that he signed in October 2004.
Sirius said in a statement that it paid Stern slightly more than 22 million shares of stock after exceeding a year-end subscriber goal for 2006 by more than two million.