With Liberty in Control, Board Members Resign
Leon Black, Lawrence Gilberti and Jack Shaw resigned from the Sirius XM board of directors after it became official that John Malone's Liberty Media was now in control. Mark Carleton, Robin Pringle and Charles Tanabe fill the vacancies. Interim CEO James Meyer, who took over after the resignation of Mel Karmazin, also joined the board. Liberty gained majority control of Sirius last week after purchasing 50 million shares of Sirius XM pushing it to 50.2 percent. Liberty plans to spin off its stake in Sirius.