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Karmazin will leave with a boatload of cash — about $25 million in salary, deferred compensation and bonus for the remaining two years of his contract.

In addition, he'll hold on to all his stock options. He holds nearly 11 million shares, including options worth close to $400 million based on current stock prices.

Mel Karmazin made a lot of money at Viacom peddling trash to our kids over the airways. He's been a big Stern supporter. I noticed Imus has been praising the guy.

1 posted on 06/02/2004 8:00:16 AM PDT by Dr. Scarpetta
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To: Dr. Scarpetta
Don't look for any changes :-(

naming CBS chief Les Moonves and MTV honcho Tom Freston as co-chief operating officers.

2 posted on 06/02/2004 8:30:21 AM PDT by Tamzee (Kerry's just a gigolo, and everywhere he goes, people know the part he's playing...)
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