Mel Karmazin bought 1 million shares of SIRI
Tuesday, May 30, 2006 at 3:49 PM
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SIRIUS Satellite Radio's superstar CEO Mel Karmazin decided to plunk down nearly $4.5 million today in exchange for 1,000,000 shares of SIRI stock. Karmazin paid $4.47/share thereby increasing his stake in SIRIUS to 6.5 million shares.
This is his second big purchase of stock, as back in January Mel bought 1 million shares @ $6.21 each.
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