Mel Karmazin doesn't do under statement. Perched at the head of a conference table in Sirius XM Radio's glassy Manhattan headquarters, sporting a red power tie and a sepia perma-tan that offsets his snowy hair, Karmazin considers, just for a moment, the question of whether the satellite broadcasting giant and its shareholders have been overly generous with their CEO during his seven years on the job. "I think I'm one of the most underpaid executives in the history of executive payment," he concludes.
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