Sirius Shareholders Petition Mel Karmazin

Today, I heard that more than 180 Sirius XM shareholders have signed a petition demanding that company CEO Mel Karmazin explain how he plans to raise money to fund more than $1 billion in debt coming due next year. "If the plan is to muddle through without a plan. We need to know," the petition says.

Posted: 10/23/2008 6:51:07 PM

Link: businessweek.com

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