Wednesday, October 24, 2012

Mel is outta here

The most anticipated departure in the media is finally happening.

"SiriusXM Radio CEO Mel Karmazin has informed the satcaster's board of directors that he will be leaving the company on February 1, 2013, following the expiration of his current deal and a transition period. Karmazin will also leave the board of directors, which has formed a search committee, chaired by Greg Maffei, to consider both internal and external candidates for the company's next CEO."

And Mel will leave millions and millions and millions of dollars in his pocket. I seriously doubt he'll retire. He lives for making money, and when that's what you live for, you can never ever have enough.