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
- Oscars Producer Says She Wouldn’t Want Anyone but Jimmy Kimmel to Host 90th Academy Awards
- Jude Law on ‘The Young Pope’ and How Global Politics Could Shape a New Season
- Cannes 2017 Lineup Is High on Auteur Intrigue, Low on Safe Awards Bets
- John Ridley’s L.A. Riots Documentary ‘Let It Fall’ Aims for Oscars Over Emmys