Mel's Exit Looms

From this morning's Radio Online...

"More fuel to the speculative fire that Sirius XM CEO Mel Karmazin may be leaving the company. With the Sirius XM most likely soon to be controlled by Liberty Media, Karmazin has admitted he is uncertain about his future. Meanwhile, an SEC filing from yesterday shows Karmazin exercised options to purchase more than 5 million shares of SIRI stock at 43 cents per share, then immediately sold the stock at prices of $2.37 to $2.45 per share. Per the filing, the options were exercised on September 17, 18, and 19, and purchased in blocks of 3,462,700, 950,000, and 740,000 shares. Each block of stock was sold the same day netting Karmazin a profit of around $10 million."

Yup, he's a goner. And once again, he's walking away a very very rich man.