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Paul Hodgson is a freelance journalist and independent commentator on corporate governance as well as conducting contract work for governance research firm BHJ Partners. </p> <p>The 30 million options he had before this mega-grant were priced at $4.72. In other words, the award of mega-grants of stock options leads to executives benefiting from a potentially enormous upside.If the market recovers and stock prices rebound, shareholders will "recover" most of the value of their investments, and CEOs will make potentially millions of dollars worth of profits. Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. A $1 increase over the exercise price of an award of 120 million stock options leads to a profit of $120 million. Especially if the CEO has overseen the catastrophic drop in stock price in the first place.The award of stock options with an exercise price at a significant premium to depressed prices is the only way to align executives' interests with shareholders' in a general market downturn, but few if any, companies ever take this route.Stock Advisor launched in February of 2002. In May 2018, she sued CBS for trying to strip her of control in a series of maneuvers orchestrated by CBS CEO Les Moonves, who has opposed the merger because it would be detrimental to non-Redstone CBS shareholders.Her aim was reportedly to re-unite the companies and then sell them off or merge them with a third company.Moonves was fired by the board after The New Yorker reported on allegations that he has assaulted multiple women; Moonves has denied the reports.CBS and Viacom agreed to merge in 2019, undoing the split Redstone had carried out 13 years earlier. "But they always say that and I've never seen three directors resign at once for "no reason." </p> <p> Personal Finance Mel Karmazin has been CEO of Sirius XM Radio (SIRI) for 7 years. Prior to his role at Sirius, he spent most of his career at CBS until it merged with Viacom, when he became COO there. In multiple interviews, he said he’d never die.His tight-fisted grip on the National Amusements theater chain, which controlled CBS Corp. and Viacom Inc. through voting stock, was passed to his daughter Shari Redstone, who battled top executives to re-merge the two entities that split in 2006.Sumner Redstone’s battles with his own family were as dramatic as his corporate maneuvers. </p> <p>Karmazin started exercising the options in April last year and finished in October, sometimes exercising substantial tranches on successive days. Retirement But he eventually recovered, and even was able to play tennis by strapping the racket to his wrist.“I intend to live forever!” he told Upstart Business Journal in 2009.Born in 1923 in Boston, Redstone was the oldest son of Michael and Belle Rothstein, who changed the family name to Redstone.Redstone graduated first in his class from Boston Latin School in 1940 and completed his education at Harvard in less than three years. By June 2004, Karmazin was out, later to become head of Sirius Satellite Radio Inc. CBS and Viacom were split into two public companies both under his control in 2006.Another victim of Redstone’s rise: Tom Cruise, whose couch-jumping on “The Oprah Winfrey Show” and embrace of Scientology led Redstone to cut short a deal with Cruise and his production company.“We don’t think that someone who effectuates creative suicide and costs the company revenue should be on the lot,” he told The Wall Street Journal in 2006. So much for aligning the interests of management and shareholders.Ironically enough, these options were granted, in name at least, as part of negotiations to renew Karmazin's employment agreement – and presumably to retain him. He suffered third-degree burns over half his body, his right wrist was nearly severed, and he was told he would never walk again. By June 2004, Karmazin was out, later to become head of Sirius Satellite Radio Inc. CBS and Viacom were split into two public companies both under his control in 2006. Executives. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. </p> <p> Cumulative Growth of a $10,000 Investment in Stock AdvisorHighest Paid CEOs: #4 Mel Karmazin @themotleyfool #stocks $SIRI $LMCA </p> <p>She has earned a lot of money all throughout her career. He and his family, through National Amusements, controlled about 80 percent of … In reality, these options looked more like a straight swap for a prior option grant that was, at the time, miserably underwater (exercise price far in excess of stock price). In July 2020, it was revealed that SiriusXM was close to acquiring podcast platform Stitcher. www.insidephilanthropy.com </p> <p>"That no one assessed the reasonableness of the compensation arrangements does not come as much of a surprise.So what is wrong with a grant of stock options of this size, a mega-grant?Fundamentally, like all market-priced stock option awards, executives benefit from the entire increase in the company's stock price whether it was due to market forces or the excellence of their management skills. Gibson produced and starred in several epic historical dra… Sharon is the retired director of the East Brunswick Library and established the Karma Foundation dedicated to the development and enrichment of Jewish life. Shari was alone in opposing Dauman’s re-election to Viacom’s board in February 2016, and Redstone kicked Dauman and board member George Abrams out of the trust in May amid legal squabbling.In late 2015, former companion Manuela Herzer sued Redstone after he kicked her out of his estate. </p>";s:7:"keyword";s:27:"mel karmazin net worth 2019";s:5:"links";s:8128:"<a href='https://duassis.com/blog/21rss.php?347799=know-that-you-are-good-enough-song'>Know That You Are Good Enough Song</a>, <a href='https://duassis.com/blog/21rss.php?347799=nba-live-mobile-season-4'>Nba Live Mobile Season 4</a>, <a href='https://duassis.com/blog/21rss.php?347799=how-to-contact-the-annunaki'>How To Contact The Annunaki</a>, <a href='https://duassis.com/blog/21rss.php?347799=lil-van-tattoo-artist-burned'>Lil Van Tattoo Artist Burned</a>, <a href='https://duassis.com/blog/21rss.php?347799=365-dni-full-movie-english-subtitles'>365 Dni Full Movie English Subtitles</a>, <a 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