Sirius Satellite Radio is based in New York City.  Their original chief executive was David Margolese, who escaped  with a "golden parachute" worth $5 million after being replaced by Joseph Clayton , vice chairman of the scandal ridden telecommunications firm Global Crossing Ltd. In an apparent setback, DaimlerChrysler AG and Ford Motor Company announced that they won't install many of their Sirius-ready radios until the 2004 model year.  To mitigate the negative effects of these disappointing developments, Sirius has announced a new lineup of programming , including Court TV , is sponsoring a Dodge NASCAR racing team, and has entered into an agreement with Thunderbird to install Sirius receivers in their Formula powerboats. They're also sponsoring, with Kenwood , the 2002 Formula Racing series and have dumped auditor Arthur Andersen . Their accounting firm is now Ernst & Young .

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