Back from the brink of bankruptcy, the satellite radio giant is on the hunt for $2 billion of its own shares and a new CEO.
CBS CEO Mel Karmazin locked in a $195 million gain when he exercised 10-year-old stock options last year, CBS revealed Thursday, and also collected $6 million in salary and bonuses.
CBS Corp. Chairman and CEO Michael Jordan is leaving the company at the end of the year, allowing Mel Karmazin to complete his rocket-fast rise to power at the Eye a few years earlier than expected.
More “Mel Karmazin” on Variety.com
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