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Is Howard Stern worth $80 million?

T

tothedj

I don't know about you, the so-called "King Of All Media" has recently re-signed for another five years, but
in this time when many of us are struggling, why did he bother?, He has enough money to retire, no one
should make that astronomical amount, i don't care if you are in broadcasting or any other business, it's
time for cutbacks across the board, greed is "not" good!
 
No. he's not worth 10 cents to me.but if the listeners like his show,he's worth the money.I dont understand why these people make that kind of money amd still whine about the internet theif of their work.GREED is the word as I see it.
 
C'mon, now, let's be fair. Howard only gets $60-million. The other $20M goes to the rest of the cast & crew, expenses, etc.

When you think about it, he's an "enlightened" CEO. He's probably making less than 100 times the average salary of his employees. Compare that to the 300x or more that's common in corporate America.
 
Howard is worth less than he was before, and I think that is reflected in the terms of his contract.

But is he worth THAT kind of money? Probably not to broadcast radio, but someone over at Sirius/XM sat down and made an estimated guess as to how many subscribers would bolt if Stern walked, or how many subscribers they will be able to get and retain over the life of the contract.

Plus there was the online component that was not there before that might be the most lucrative part of the deal. People who love Howard ( and it is either love or hate) are usually younger and embrace technology, including smartphones with streaming capability, which would allow them to listen almost anywhere they can get signal. If Sirius/XM can get profit from that, it just makes that 80 million number hurt less.

Could Howard have retired? Probably, assuming his alimony payments didn't bankrupt him and he managed to sock away a few million bucks, but I think he needs the money as much as Sirius/XM does, and I also think Howard needs to be out there trying to hold on to the illusion that he is the "King of all Media".
 
Not to drift off this topic ,but sports players do not deserve to get million dollar contracts.whats wrong.Police,Fire and military troops are fighting for their lives out there for pennies compared to the overblown wages of entertainment and sports figures.
 
WPPCProductions said:
Not to drift off this topic ,but sports players do not deserve to get million dollar contracts.whats wrong.Police,Fire and military troops are fighting for their lives out there for pennies compared to the overblown wages of entertainment and sports figures.
Click to expand...

I know this is an unpopular view, but if a team could hire a guy who threw the ball as well as Payton Manning for the same salary a cop makes, they would.

Likewise, if Sirius could hire a guy with the name recognition of Howard Stern for less money, they would.

These guys make what they do because only a few people in the world can do what they do.
 
WPPCProductions said:
Not to drift off this topic ,but sports players do not deserve to get million dollar contracts.whats wrong.Police,Fire and military troops are fighting for their lives out there for pennies compared to the overblown wages of entertainment and sports figures.
Click to expand...

Anyone deserves to make as much money as their employer will pay them. That includes actors, rock stars, football players, and Howard Stern. It doesn't necessarily make it right, but it makes it a fact.

If somebody wanted to pay me NFL money (even the league minimum) for being a test engineer, I most certainly would take it, wouldn't you? Not that any engineer will ever get that kind of money, but if it were offered....

It's called supply and demand, folks! There is a demand for Howard Stern because he is the only one who can do exactly what Howard Stern does. Same goes for, for example, Rush Limbaugh, Peyton Manning, LeBron James, and Brad Pitt. Sure there are other actors, athletes, and radio personalities that are just as good, but these people are the big stars because they have the popularity, as well as the talent, to demand more money than most other folks in their respective crafts.

They're not the only ones, of course, but they are part of a small minority called "stars," compared to the 90% of the people in their respective businesses that work for much much less.
 
It's a business. You're worth whatever you get paid. Accepting that isn't "greed."
Nobody should be mad at someone else for making more. They should look at it as their opportunity to get up there, too. Or at least somewhere between "Howard Stern money" and the money they're not satisfied with.
 
WPPCProductions said:
Not to drift off this topic ,but sports players do not deserve to get million dollar contracts.whats wrong.Police,Fire and military troops are fighting for their lives out there for pennies compared to the overblown wages of entertainment and sports figures.
Click to expand...

Dude, I guess you didn't take economics in school.

OK, raise the tax rate on the top brackets to 90% (like in the good old days) and give it to deserving government employees. You're going to need all those cops because people paying those taxes are going to riot. But while you are factoring in things, look at all the benefits those people get. They can retire after 20 years and double-dip (even triple dip). Outstanding health coverage. Full education benefits .... Much more. They are getting lots of "pennies." It's not a bad deal, which is why a lot of people take those jobs in the first place.
 
Two simple questions:

-- Who better knows how to spend an EMPLOYER'S money -- the EMPLOYER or anyone/anything else?

-- Who better knows how to spend a PERSON'S money -- the PERSON or anyone/anything else?

In most cases the "anyone else" is someone whose business it isn't, and the "anything else" is usually the government -- again whose business it isn't.

I'm not a fan of Sirius/XM, Mel Karmazin, or Howard Stern; but if that's the deal they made, good for them. It's not my business. That's how a wonderful thing called the free market system works.
 
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