So why exactly does Mel Karmazin get to be the CEO?

Something’s been bothering me about the XM-Sirius merger. Everything I’ve read seems to point to XM being the better-run of the two satellite radio rivals. Hugh Panero, the CEO since 1998, got his company’s radios to market first, signed better distribution deals than Sirius did, and has been running a significantly tighter ship. This morning, [...]

David Beckham’s incredible shrinking paycheck

At first the word was he was going to make a quarter of a billion dollars over five years. Then Grant Wahl reported in January that David Beckham’s L.A. Galaxy pay will be more like $50 million over five years. Now the AP tells us his base salary is actually $5.5 million a year. At [...]