Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sirius Shareholders Petition Mel Karmazin

Posted by: Olga Kharif on October 23, 2008

Today, more than 180 Sirius XM shareholders have signed a petition demanding that company CEO Mel Karmazin explain to them exactly how he plans to raise money to fund more than $1 billion in debt coming due next year. “If the plan is to muddle through without a plan. We need to know,” the petition says. The stock fell another 20% today, to 25 cents a share.

TrackBack URL for this entry:

Reader Comments

Jack Diesel

October 24, 2008 10:10 AM

This is the location of the petition for anyone who wants to sign. The stockholders have a right to know where the company is headed.

Post a comment



BusinessWeek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, Douglas MacMillan, and Spencer Ante dig behind the headlines to analyze what’s really happening throughout the world of technology. One of the first mainstream media tech blogs, Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.



BW Mall - Sponsored Links

Buy a link now!