Feisty CEO Can’t Stop Sirius Stock Plunge

With satellite radio still struggling to attract a mass audience, Sirius chief Mel Karmazin is taking direct aim at terrestrial radio, saying it “sucks” as an investment compared with satellite. The CEO’s message, delivered at a Merrill Lynch conference, seemed to fall on deaf ears Tuesday, though, and Sirius XM stock sank to a price not seen in more than five years.