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.

Reader Comments

Jack Diesel

October 24, 2008 10:10 AM

http://www.petitiononline.com/wormman/petition.html

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.

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. 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.

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