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Ce-Oh no he didn't, part XXXIV: Karmazin sez "we suck less" than XM

Evan Blass

We guess that once your acquisition target has agreed to be purchased, you don't really have to go around buttering up its board members or executives anymore, but it still seems odd that CEO Mel Karmazin would defend Sirius' admittedly poor performance on Wall Street by arguing that at least his company "sucks less" than future partner XM. Yet that's exactly the case presented to shareholders at a Manhattan meeting last week, where the often-outspoken Karmazin admitted that he was "real unhappy" with the satrad firm's stock price -- although compared to the 61% decline in XM share prices since September 2004, Sirius' 8% gain over that same period was a relative bull run. Still, Mel, don't you think there are better ways to phrase that sentiment other than attaching the connotation of "suckiness" to your company and one you hope to acquire? Hey, just a thought.

[Via FARK]

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