Howard Stern, whose half-billion dollar contract with Sirius XM ends Dec. 31, lashed out at his boss during this morning’s show following reports that Sirius XM executive David Frear had suggested a paycut was in order. “I am not taking a f—ing pay-cut,” Stern said, according to The Wrap. “Why would I have to take a pay-cut? … Who is this guy to say this in public?” Stern went on to say, “I know what I have done in this company. I am more important than Oprah, in this company anyway. Oprah’s out getting the Kennedy Center honor and I’ve got the CFO announcing to Wall Street that I have to take a pay-cut.”

Sirius XM did not respond to requests for comment. Stern’s last show is scheduled for Dec. 16.

Update: On Wednesday morning’s radio show, Stern explained that he’d investigated Frear’s speech and concluded that The Hollywood Reporter had misinterpreted the CFO’s words when it concluded that he’d said Stern would need to take a pay cut. “David Frear is okay with me,” said Stern, who reportedly conceded that the financial landscape had changed since Sirius merged with XM.

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