Mel Karmazin’s soon-to-be bosses would like to keep him
around, but only at the right price, according to a story at forbes.com. And if they can’t? They’re not losing any
sleep over that possibility.
That’s what Liberty Media CEO Greg Maffei said at the
Goldman Sachs Communacopia conference Thursday morning. Liberty’s takeover of
Sirius XM is all but a fait accompli, with John Malone‘s company now owning
49.7% of the satellite broadcaster’s shares.
What that means for Karmazin, whose contract as Sirius’s
chief executive expires at the end of the year, is uncertain. Earlier this
year, Karmazin and Malone were regularly trading barbs, but more recently
they’ve sounded more conciliatory notes.
Maffei staked out a position somewhere in between.
“Is Mel valuable? Obviously,” he said. “Mel’s done a great
job. He deserves a lot of credit. Is Mel irreplaceable? What is it they say,
that the graves are full of irreplaceable people?”
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