Howard Stern 'Wigged Out" about lawsuit 01-04-13

[Famous]

howard risked nothing. he signed a contract for approx 100 mil a year (guaranteed) without putting up a cent of his own money.
he is full of shit, he had nothing to lose....and even if he did he was still guaranteed the money.

the biggest risk he ever took was to foolishly marry the bimbo. he risked his own children's legacy for a golddigger(although i'm sure alison probably made sure the girls would be protected).

You just summed it all up nicely!

[blottomsup]

Yes.. He will lose again. Any judge or lawyer not being paid by Howard can easily see that the intent of the contract was between Howard and Sirius. It did not include A) any merger, and B) XM subscribers. Howard/Don and their legal team are now trying to shoehorn XM subscribers into the deal. To trigger bonus payments.

Howard is only throwing out good $$$ arguing this... eventually he has to give up and realize that he is just not going to win this one.

As he said in the clip, Howard will never give up. This fuckery will end only when the judicial system shuts him down. Most likely Howard has just one more shot. If the Court of Appeal finds against him, which it will, Howard has no right to a second appeal. He will have to convince a higher court to hear the case. And the chances of that happening are slim and none.

[CCMaguire]

He mentioned that there was a clause written that if XM took over Sirius, he would be compensated, or something like that. He never imagined that the reverse would happen and expects $$ because Sirius took over XM. He flat out admitted that he never thought that would happen, yet he expects some sort of payout for this. He's just pissed that the great and powerful Buchwald didn't write up as iron-clad of a contract as he thought. He comes across very badly here. I don't think many listeners are going to be outraged because Stern isn't getting more millions.

[Nemo]

I love how he asks everyone their opinion if he is right and they never answer him with a "yes".
His own father said you gotta fight sometimes for what you believe in lolllllllllllllll

Now wiggy is pleaing to listeners in hopes that they might be on the jury.
Clearly from going to the streets the peers hes hoping for dont like him much.

BTW the Ben portion of the story is an obvious Howard LIE.
Does anyone really think Ben is unaware of the status of Howards lawsuit?
Howard used the Ben lie to make his lawsuit rant seems somewhat spontaneous.

Howard concocted this entire tale with legal counsel.
The whole 60 percent of 23 million is lawyer speak.
While you can't prove it.....you can't disprove it either.....

[Nemo]

The judge threw out the lawsuit on Monday, April 18, 2012. The story hit the papers on Tuesday or Wednesday, so my guess is Stern addressed it on one of those days (the 19th or 20th), or on the following Monday (April 23rd). You can check out Marksfriggin.com around those dates to see which day it was.

[blottomsup]

He mentioned that there was a clause written that if XM took over Sirius, he would be compensated, or something like that. He never imagined that the reverse would happen and expects $$ because Sirius took over XM. He flat out admitted that he never thought that would happen, yet he expects some sort of payout for this. He's just pissed that the great and powerful Buchwald didn't write up as iron-clad of a contract as he thought. He comes across very badly here. I don't many listeners are going to be outraged because Stern isn't getting more millions.

My personal belief - fully supported by the language of the contract - is that there was never an agreement to pay Howard bonuses based on the total number of subscribers of both companies combined after a merger.

Howard is making it up. It's a marble grab.

If Howard is not making it up, his lawsuit should be against Buchwald and whoever else represented him in the contract negotiations. They failed to get the full agreement in writing. That's on them.

[PI Nate]

Nothin' but a greedy marble grab. Plugggy deserves not a penny more...

[Nurse Remulak]

As he said in the clip, Howard will never give up. This fuckery will end only when the judicial system shuts him down. Most likely Howard has just one more shot. If the Court of Appeal finds against him, which it will, Howard has no right to a second appeal. He will have to convince a higher court to hear the case. And the chances of that happening are slim and none.

Yup. Howard is fucked. He will NEVER win this one. Never. My belief is Don convinced Howard this would work. Because Don gets a piece of the bonus payment action too. So I can imagine a phone call where Don called Howard one day and said "Ya know, with the companies merged now I think we have hit subscriber totals which trigger bonus payments.." Then Howard - (who was probably oblivious to all this prior) - went, "I trust you Don, do what you have to do."

Then.. when the entire scheme went south on Don and Howard.. Howard got pissed off... and now it's a matter of pride for him. But he is dead wrong and should give up.

[blottomsup]

Nothin' but a greedy marble grab. Plugggy deserves not a penny more...

Howard didn't deserve the exorbitant amounts that Sirius paid him in base salary. He was legally entitled to it after those nit-wits agreed to pay him, but he never deserved it. Or earned it.

[PI Nate]

Yup. Howard is fucked. He will NEVER win this one. Never. My belief is Don convinced Howard this would work. Because Don gets a piece of the bonus payment action too. So I can imagine a phone call where Don called Howard one day and said "Ya know, with the companies merged now I think we have hit subscriber totals which trigger bonus payments.." Then Howard - (who was probably oblivious to all this prior) - went, "I trust you Don, do what you have to do."

Then.. when the entire scheme went south on Don and Howard.. Howard got pissed off... and now it's a matter of pride for him. But he is dead wrong and should give up.

plugggys contract included a Merger Bonus of $25 million. But he is soooo F'in greedy, the thought that anyone gets a dollar before he does infuriates him...

[PI Nate]

Howard didn't deserve the exorbitant amounts that Sirius paid him in base salary. He was legally entitled to it after those nit-wits agreed to pay him, but he never deserved it. Or earned it.

if siri signed a 5/$500 deal, pluggy deserves that. trying to re-write contracts to benefit him after the fact is friggin' ridiculous...

[PI Nate]

I wonder what lit a fire under his ass to go on this rant? :

[blottomsup]

Yup. Howard is fucked. He will NEVER win this one. Never. My belief is Don convinced Howard this would work. Because Don gets a piece of the bonus payment action too. So I can imagine a phone call where Don called Howard one day and said "Ya know, with the companies merged now I think we have hit subscriber totals which trigger bonus payments.." Then Howard - (who was probably oblivious to all this prior) - went, "I trust you Don, do what you have to do."

Then.. when the entire scheme went south on Don and Howard.. Howard got pissed off... and now it's a matter of pride for him. But he is dead wrong and should give up.

I don't think Howard is letting others run this show. He is the one responsible for the lawsuit filing.

This stuff isn't rocket science. Howard is fully capable of understanding the issue.

[booybob]

I wonder what lit a fire under his ass to go on this rant? :

He got a peek of what Beth Ho is requesting in the divorce after she has the prenup thrown out.

[Vashier]

The sirius contract has nothing to do with the xm subscribers UNTIL they became sirius subscribers. Howard's beef is that HE forced the merger so he is the one who brought those subs to sirius.

I'm not saying he is right or wrong, but that's his argument. Whether they listen to him or not should not be relevant in his mind. If he hadn't signed with siri then xm would be here today is his only fight. Judging by the swing in subs he might stand a chance arguing that, but then he would have to show that nfl, mlb, and nascar had minimal impact so maybe that is why they are not going after that aspect of the argument.

There was a bonus list out there somewhere that showed sub numbers and bonus pay. It looked like he had not been paid for one level bonus that was attained. Why in hell doesn't he go after that cash where it was spelled out and not paid as well? That has bugged me since I saw it.

[PI Nate]

"It just tears me up inside!!!!"

[blottomsup]

I wonder what lit a fire under his ass to go on this rant? :

Good point. Me too.

Maybe he just got the legal bill for the attorney time spent writing the appellate brief?

[PI Nate]

I don't think Howard is letting others run this show. He is the one responsible for the lawsuit filing.

This stuff isn't rocket science. Howard is fully capable of understanding the issue.

"Why is the SEC interviewing me? What do I know about insider trading?"

[PI Nate]

Good point. Me too.

Maybe he just got the legal bill for the attorney time spent writing the appellate brief?

He got a peek of what Beth Ho is requesting in the divorce after she has the prenup thrown out.

Makes sense to me..

[CCMaguire]

plugggys contract included a Merger Bonus of $25 million. But he is soooo F'in greedy, the thought that anyone gets a dollar before he does infuriates him...

And even he was embarrassed to call it 25 "million" dollars in his explanation to us. He refers to it as 25 "dollars".