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
2016-2017 Oscar Predictions
- John Madden on Releasing Jessica Chastain Political Thriller ‘Miss Sloane’ in Trump era U.S.
- Playback: Dev Patel on ‘Lion’ and Diversity’s Double-Edged Sword
- ‘Moonlight,’ ‘Silence,’ ‘Stranger Things’ Among AFI Awards Official Selections
- Last Year’s Oscar Winners, This Year’s Contenders Land Grammy Nominations