Just one day ahead of being delisted from the New York Stock Exchange, Citadel Broadcasting's stock slipped to one cent.
Citadel CEO Farid "Fagreed" Suleman deserves all the credit for presiding over a company that a year ago was worth $10 a share and even higher before that.
Some radio people were willing to cut Fagreed some slack because of the faltering advertising market and the recession, but at just a penny -- with a market cap of under $3 million -- even they are reluctantly pinning this one on Teddy Forstmann's golden bean counter.
Fagreed is the $11 million dollar (tax free) man.
You'd expect more of&hellip
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