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