He was a strong supporter of radio personality Howard Stern at Viacom,[7] and Karmazin joined Sirius Radio shortly after the company signed Stern. [8] Karmazin purchased the flagship station of the Packers and Brewers, WTMJ Radio, along with WKTI in the fall of 2018 from the E. W. Scripps Company, converting WKTI to a local sports station affiliated with ESPN Radio, with WAUK moving to a national schedule (WTMJ's schedule has remained as-is). The two executives continued to snipe at each other through the media even a year after Karmazin left Viacom. [5], Karmazin became the CEO of Sirius in November 2004. Mel Karmazin Why Is Everyone So F-ing Proud To Have “Cut The Cord”? [4] At Metromedia, Karmazin presided over New York's WNEW-AM (now WBBR) and WNEW-FM when he was approached to run Infinity Broadcasting in 1981. A short time later, he purchased WKNR. Known for his ruthless cost-cutting measures and talent for closing a deal, Karmazin was a key player in the historic shake up of the radio industry during that decade. ... Mel Karmazin * Age: 56. Karmazin ran Infinity for 15 years, then sold the company to Westinghouse, then the parent of CBS. [5] When Infinity merged with CBS Corporation in January 1997, Karmazin would first head CBS Radio as chairman and CEO. In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). Mel Karmazin, the former CEO of Sirius XM Radio, was a key leader in fundraising for the project along with his daughter Dina Karmazin Elkins, executive director of the Mel Karmazin Foundation. AKA Melvin Alan Karmazin. Founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. Yesterday. [1], Karmazin was born in northern New Jersey,[2][3] the son of Sharon and Mel Karmazin. "The joke about him was that he was so pushy that advertisers used to buy airtime from Mel just to get him out of their office," according to a Fortune magazine article. Aside from that news, the proxy offers the usual info about executive compensation — including the 2012 package for former CEO Mel Karmazin… We finally cut the cord!” And they all seem so f-ing happy and proud of themselves. Highest Paid CEOs: #4 Mel Karmazin | The Motley Fool. Overall he has done a good job. For most of his career he has been known as a "Wall Street darling" for his ability to drive up the price of his various companies' stock. In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). From 2008-2012, he was the CEO of Sirius XM Radio. In 1994, Karmazin divorced his wife Sharon . Melvin Alan "Mel" Karmazin (born August 24, 1943)[2] is an American executive. He served as President and Chief Operating Officer of CBS Corporation from April 1998 until January 1999. In his first year at Sirius, Fortune magazine reported in November 2005, Karmazin reached deals with Ford and BMW to include the company's radios in their new cars and helped launch Sirius's first portable music player (both initiatives were in the wake of Sirius's rival, XM Radio, pioneering those moves). He co-founded and was the president of Infinity Broadcasting (formally known as CBS Radio now Entercom) and eventually became the president and CEO of CBS television . Karmazin received $24.1M in option awards, accounting for 86% of the total pay in 2008. In 2010, Mel Karmazin's compensation ranked 337th out of 10,438 executives tracked by ExecPay. [4] [2] His parents divorced in 1994. Karmazin received $8.4M in bonus, accounting for 85% of the total pay in 2010. Dina graduated from the University of Miami and married in 1993. The $37-billion deal brings together Redstone, a Harvard-educated Bostonian, and Karmazin, the son of a Queens, N.Y., cabdriver. Rankings. By June 2004, Karmazin was … Mel Karmazin's Compensation vs. Media Medians. [3], Karmazin was born to a Jewish family in Long Island City, Queens in New York City. WHAT IS WRONG WITH YOU IDIOTS?!! I chose to dig deep into this individual because I am a customer of SIRIUS Satellite Radio and am interested in the merger between SIRIUS and XM. Karmazin's reported 2012 pay and severance from Sirius XM amounted to over $255 Million. Mel Karmazin Photo: Courtesy of Dina Karmazin As an executive of an even bigger conglomerate, Karmazin and Viacom chief Sumner Redstone had many differences, leading to Karmazin's resignation in May 2004. Martin 1 Scott Martin BUAD 455.01 September 22 nd, 2010 “Biography of Mel Karmazin” CEO of Sirius XM Radio INC” The purpose of this paper is to outline the life and career path of Mr. Mel Karmazin, the CEO of the SIRIUS XM Radio INC. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. His first job was selling bikes at The Sports Authority. Mel Karmazin Net Worth 2019 #171 Mel Karmazin - Forbes.com. MEL KARMAZIN: The pin I’m wearing is a logo for Autism Speaks. The deal brought Redstone together with CBS chief Mel Karmazin, another tough-talking executive from humble origins.

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