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Rabu, 23 Maret 2011

Howard Stern suing Sirius XM Radio Inc!


Howard Stern wants what he’s owed.
Reuters reports that the radio shock jock and his agent are suing satellite radio provider Sirius XM Radio Inc for refusing to award him the performance-based stock options her had been promised.
In a filing with the Supreme Court of the state of New York, Stern’s lawyers claim the satellite radio company offered the broadcasting legend a series of escalating stock awards in 2004 that hinged on it beating its subscriber estimates by 2 million or more in any year of Stern’s contract.
The complaint argued that Stern helped the company surpass its targets by more than 2 million subscribers in 2006 and 2007. After Sirius’ merger with XM in 2008, Sirius XM again beat its targets, as well as in 2009 and 2010, according to the filing.
“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.
In response, Sirius XM said it had “met all of our obligations under the terms of our 2004 agreement with Howard, his agent and production company.” It added it was “surprised and disappointed” by the legal action.
In December, Sirius XM struck a new contract with Stern that will have the host on air at least until 2015. Stern’s previous contract was a five-year $500 million deal but terms of the new contract were undisclosed.
Stern recently opened up about his divorce from Alison Burns and finding love again with Beth Ostrosky, whom he married in 2008.
“After my divorce, I realized, ‘Oh, wow, I can go have sex’. And I was running around, picking up women. Then all of a sudden, it dawned on me that I really didn’t need that much sex. I just wanted somebody with me every minute. I was using women as a surrogate mother,” he said.
“When I tapped into that, it suddenly became very childish behavior. And really, was it so great fucking every night? They’re using me for my fame, I’m using them for their beauty, and the whole fucking thing seemed empty.”

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