Why Norton not being paid?

[lucky]

It concerns me that Jim Norton has not been paid yet. Anyone know why this is so? It usually a sign that a company is in trouble when there is pay being missed. I have done a lot of searches and can find nothing to indicate that XM is in much trouble. The Doggie on the other hand amazes me that they have not declared bankruptsy.

[Bach]

There could be a million reasons, such as problems with direct deposit, problems in the payroll department, ongoing salary negotiations, or continental drift.

I wouldn't think it's an epidemic across XM, as the boys haven't said that they aren't being paid.

[kid afrika]

My money's on continental drift.

NICE ONE!!!11ONEPERIODPOINTYTHING

[Seth]

continental drift.I believe I heard Jimmy mention that to be the reason

Damnit Kid, you got in there first.

[lucky]

Ya'll are right but the show and Norton has been on quite awhile and I had a problem with direct deposit and it was cleared up very quickly by me calling and threatening the whole office staff. I do know that the Doggie company have had problems with payroll with all the staff. They manage to pay the stars though.

[Bach]

I'll say this much. Sometimes in large corporations it takes a longer than usual amount of time to get a new employee on the payroll. It could be just the fact that his paperwork went lost in the system. I will not say what company, so do not ask, but when I started work at a major broadcasting company it took 9 weeks for me to get my first paycheck. It's not that unusual.

[judoGTI]

Sirius has over 500 million in capital. They are not in too big of financial troubles, but rather are being poorly managed..... But alas Jim not getting paid is odd.

[lucky]

Thanks Bach. I forget that it is a different industry than I have been in before and it is probably just as you said.

I suck. Apologize

[erockradio]

Norton was talking about the money he missed out at WNEW right before the cancelation. Jim was supposed to have a new contract before that happened. That's the money he missed out on.

[Madness]

Sirius has over 500 million in capital. They are not in too big of financial troubles, but rather are being poorly managed..... But alas Jim not getting paid is odd.

Actually that's shit for capital when your company is 1.5 billion dollars in debt and lost around $500 million the previous year.

They mentioned it weeks ago and I think Norton made it sound like they were still in contract negotiations. He doesn't sound too annoyed about it yet so it's something different than him just not being paid.

[BigBuffaloFan]

Sirius has over 500 million in capital. They are not in too big of financial troubles, but rather are being poorly managed..... But alas Jim not getting paid is odd.

Capital does not mean how much cash they have. Capital is the what their assest are worth like satilelites, repeaters, and property.

This all means if they folded tomorrow they would still owe 1 billion dollars.

[judoGTI]

I meant they have more than 500 in cash in the bank (I think 650 last I heard). I have no idea how much they are in debt though. But 500 million should cover salaries (at least pre-howard) to keep the locomotive going... Even if they are 1.5 million in debt that doesn't mean it unexpected for them at this point. Launching satellites aren't cheap, so it could be old debt that is in the plans to be paid off after x-years. But I have no idea...

It does seem as if they are poorly managed. But that is just personal observation and speculation.

[Bach]

Thanks Bach. I forget that it is a different industry than I have been in before and it is probably just as you said.

I suck. Apologize
You don't at all suck, lucky and no need for apologies.
You didn't know -- there's a big difference. No worries at all. :action-sm

[BigBuffaloFan]

I meant they have more than 500 in cash in the bank (I think 650 last I heard). I have no idea how much they are in debt though. But 500 million should cover salaries (at least pre-howard) to keep the locomotive going... Even if they are 1.5 million in debt that doesn't mean it unexpected for them at this point. Launching satellites aren't cheap, so it could be old debt that is in the plans to be paid off after x-years. But I have no idea...

It does seem as if they are poorly managed. But that is just personal observation and speculation.


They are 1.5 Billion (not million) in debt. That is before Howard. If he doesn't pull the amount of people he needs they will be in deep shit,

[Jholmes525]

I remember reading some article that they have debt that they will have to start paying back around 2009. I could have read it wrong or i am just pulling shit out of my ass but i could have sworn that i remember reading it somewhere. Anayways.......
Peace

[judoGTI]

They are 1.5 Billion (not million) in debt. That is before Howard. If he doesn't pull the amount of people he needs they will be in deep shit,

Haha yeah that was a typo, but there isnt much difference between billions and millions is there? haha :icon_mrgr

I wonder how Howie's payout stucture works? Is he getting 100 million a year? Or little up front a lot on the back end? Is there a no-trade clause? haha/

[BigBuffaloFan]

Haha yeah that was a typo, but there isnt much difference between billions and millions is there? haha :icon_mrgr

I wonder how Howie's payout stucture works? Is he getting 100 million a year? Or little up front a lot on the back end? Is there a no-trade clause? haha/

From what I seen Hoo Hoo will be getting about 100 million a year.

[Madness]

I meant they have more than 500 in cash in the bank (I think 650 last I heard). I have no idea how much they are in debt though. But 500 million should cover salaries (at least pre-howard) to keep the locomotive going... Even if they are 1.5 million in debt that doesn't mean it unexpected for them at this point. Launching satellites aren't cheap, so it could be old debt that is in the plans to be paid off after x-years. But I have no idea...

It does seem as if they are poorly managed. But that is just personal observation and speculation.

That's true but they aren't going in the right direction. When 2004 ends they'll have lost more money than they did in 2003. I also imagine 2005 will be even more the way they're throwing high priced contracts at anything and everything they think will bring in a handful of subscriptions. On the other hand XM is projected to post a profit in 2005. Their losses have been less each year and they've done it without increasing prices. Sirius will probably be charging people $20 a month just to be staying afloat in another year or two.

Howard's contract won't help either. They paid so much for him that the extra million subscriptions he has to bring in will just cancel him out and put them back at their by then over 2 billion dollar debt and a company that at that point will be losing close to half a million a year. At some point Sirius will have to stop spending these insane amounts of money if they want to survive. They have a horrible business model. They should be cost cutting right now but instead they're spending more.

[JamesRI]

lil' Jimmy said the reason he has not been paid is because of contract negotiations. He does not seem worried.

[KramdensDeliciousMarshall]

There could be a million reasons, such as problems with direct deposit, problems in the payroll department, ongoing salary negotiations, or continental drift.Those tectonic plates have to get their act together.

[Bach]

Those tectonic plates have to get their act together.
Glad I'm not the only one who realizes it. :icon_wink

[CrazyHairDick]

No he dosent seem worried, but I bet he would like to not have to travel to make a living. I think it is contract stuff. I wonder what they will pay him, and as far as that goes, I wonder whay O&A are bringing in?? Anyone know?

[d0uche_n0zzle]

They're not saying and you shouldn't ask, it's impolite.

[Ballbuster1]

Norton was talking about the money he missed out at WNEW right before the cancelation. Jim was supposed to have a new contract before that happened. That's the money he missed out on.Thanks Sexbagel.
That's what I thought he was talkin about.

[Sinn Fein]

I remember hearing him bitcing because he is looking to buy a place and said that maybe it would help if he had money in the bank when he is applying for a mortgage. He made it sound like it's current, not the WNEW thing. I heard it again on the replay.

[Hoagie]

I remember hearing him bitcing because he is looking to buy a place and said that maybe it would help if he had money in the bank when he is applying for a mortgage. He made it sound like it's current, not the WNEW thing. I heard it again on the replay.I think they mentioned something about norton not getting paid yet because there are still some contractual issues. And I think we should just leave it at that.

[sickstringer]

I think they mentioned something about norton not getting paid yet because there are still some contractual issues. And I think we should just leave it at that.
Yeah all this speculation is meaningless unless someone plans on floating him a loan.

[NiceHeadDeek]

Why does it seem like everyone on here is making Norton's paycheck their business? It's his paycheck! Jesus christ, someone from here wrote a letter to XM about Jim's check the other day. WTF? It's not your fucking business! Don't you think that maybe Jim is taking care of Jim's paycheck????? I love it how some people actually think XM, a huge corporation with important business to take care of, gives a shit what you think. It boggles my mind. In summary, Jim's paycheck is his and his agen't business. No one else needs to care.

[Juanfartez]

damn instead of bugging xm you can goto www.eatabullet.com or ask Norton yourself via email yellowtreats@aol.com

[judoGTI]

No its our business too deek.

[Hoagie]

No its our business too deek.No, it's not.