It’s Good To Be The CEO

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Sirius XM Radio has extended CEO Jim Meyer’s contract through the end of 2020. Meyer’s annual salary will be $2 million. And, if Meyer leaves after his contract expires, SiriusXM will pay him a fee of $3.2 million per year, for three years, as a consultant. Also, on January 2, 2020 the company will grant Meyer restricted stock with a value of $10 million.

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