Sirius Execs Get Seriously Paid - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 10-01-2008, 04:44 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,847
Sirius Execs Get Seriously Paid

Sirius Execs Get Seriously Paid, According to Filings

October 1, 2008

The salaries of newly appointed Sirius XM Radio executives were revealed today by the company in a filing with the Securities and Exchange Commission.

Dara F. Altman, Sirius' chief administrative office and an executive vice president, will get $446,332 for each year of her three-year contract. The 50-year-old former XM executive and Discovery Communications veteran will also be eligible for annual bonuses.

If she is fired or leaves "with good cause," Altman will receive a golden parachute of two years worth of salary -- or, $892,664 -- plus the higher of her last two bonuses.

James Rhyu, the former controller for XM, was appointed following the merger of XM and Sirius as the new company's chief accounting officer. Rhyu, 38, will receive an annual base salary of $325,000. He, like Altman, signed a three-year contract and is eligible for annual bonuses. If Rhyu is fired before July 27, 2009 or leaves with good cause, he'll get two years of his base salary and a target bonus in a lump sum payment. That's $650,000 -- at least.

The disclosures of executive pay, required by the SEC, come amid questions about XM's ability to pay off or refinance its $1.1 billion in debt due next year amid the credit crisis. Prospects for weak consumer interest in buying new radio receivers and poor sales of cars equipped with the satellite radio devices has pushed the company's stock down to startlingly low levels. Shares were at 65 cents, about 16 percent of its one-year high of $3.94.

LINK:Sirius Execs Get Seriously Paid, According to Filings - Post I.T. - A Technology Blog From The Washington Post - (


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sirius adds some XM channels to radio service rickaren Chrysler/Dodge/Jeep News 0 09-30-2008 12:34 PM
Sirius XM Up to Its Ears in Debt rickaren Chrysler/Dodge/Jeep News 1 09-26-2008 08:09 AM
Logitech Network Music Players Get Sirius rickaren Chrysler/Dodge/Jeep News 2 08-12-2008 07:22 PM
Sirius, XM Say Existing Radios Are Merger-Proof rickaren Audio/ Video/ Navigation / Electronics Discussion 0 05-01-2008 05:06 PM
Ford, Mercury Target 70% Factory Penetration for SIRIUS rickaren Chrysler/Dodge/Jeep News 0 12-04-2007 05:32 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome