Howard Stern sues Sirius XM

[FUZO]

TweetHoward Stern sues Sirius XM

Howard Stern sues Sirius XM

Howard Stern attends the premiere of "Sex and the City 2" at Radio City Music Hall on May 24, 2010 in New York City.

That seems to be the case for shock jock Howard Stern, who is suing Sirius XM Radio for reportedly refusing to give performance-based stock options.

Stern's lawyers say the satellite radio provider offered him a series of stock awards in 2004 if the company beat its subscriber estimates by 2 million or more, according to Reuters. The suit alleges that Sirius XM beat its targets every year from 2006 to 2010.

"Now that Sirius has conquered its chief competitor and acquired more than 20 million subscribers, it has reneged on its commitment to Stern, unilaterally deciding that it has paid him enough," the complaint said.

The radio company said in response that they were "surprised and disappointed" by Stern's legal action, according to Reuters.

This suit comes just months after Stern inked a new five-year contract with Sirius. The previous deal, worth $500 million, ended in December. The terms of the new deal were not disclosed.

Sirius XM, which had roughly 600,000 subscribers when Stern began his satellite radio show in 2005, ended 2010 with 20 million and expects to sign another 1.4 million next year.

[FUZO]

TweetThis fuk'n guy needs a bat to the head. The guy makes almost a billion dollars and he's complaining

[alluprbdy]

TweetInteresting....im sure sirius wouldnt bk out of the stock options if they were trully liable for them. THey are a huge corp and have expensive lawyers looking at the deal b4 they reniged. He did save sirrius ass tho they were in the toilet wouldnt of made it a year or so imo. Hes a greedy mofo thats for sure, but if he has a solid agreement and they pull out then i can understand the suit.

[skinnyman]

TweetWants more? how much more does one need considering he cannot spend what he current has and will earn. Can't fathom that.

[firstenrgy]

TweetI didn't know this? So he is claiming that the aquisition of XM radio gave them the additional subsrcibers to give him his "bonus" stock options? What a pig! The stock is still losing mega money and there are no profits in sight. What is he thinking? He must believe that the ultimate demise of the stock is at our door.

[Dzone]

TweetIm not sure what I think of that dude..havent seen his show in years. $500 Million...man, thats a good amount of money...what kind of humor is it? Does his show have any redeeming value to even watch or listen too? Id probably rather listen to Dennis Miller..He is having trump on tonight, I hope I didnt miss it

[daved150]

Tweethes an a$$hole....he wants to be paid on the subcribers they got from buying xm out....piece of shyt. i never did like that clown. after a couple months his shows ar all the same

[firstenrgy]

Tweet

hes an a$$hole....he wants to be paid on the subcribers they got from buying xm out....piece of shyt. i never did like that clown. after a couple months his shows ar all the same

Just like Dave (AKA Diet Ice-T) wrote... He is just being silly. He really has no claim to the additional subcriber list... He can only make the claim from the merger.

[daved150]

Tweet

Just like Dave (AKA Diet Ice-T) wrote... He is just being silly. He really has no claim to the additional subcriber list... He can only make the claim from the merger.

"Diet Ice-T"...where the fuk that come from?? your trying awful hard to get that shyt to stick slim!! lol

[mtnmedic]

TweetI just cant stand that a$$hole, his s#it is old and silly. I wish they wold take him off the air I mean damn, I turn the radio on in the morning to get me fired up for the day not to listen to this tool bag till noon.

[JsJs24]

TweetStern is a greedy bastard, that much I agree on. However, business is business. If he can prove that he was promised stock awards and earned them then it's shame on Sirius. However, what is funny is Stern if I'm not mistaken is a liberal. If that is the case then this is one more example of the hypocritical limousine liberals in Hollywood.

[angryoldman]

TweetTo quote the great Don King... "If you can still count it, it isn't enough".