« | »

NY Times Execs Get Millions In Bonuses

From the New York Post:

Sulzberger pinches double the pay

March 13, 2010

Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million.

CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.

The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.

The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.

"Our members are really unhappy with what is happening," said Bill O’Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still." …

Michael Golden, a first cousin of Pinch’s who is vice chairman and chief operating officer of the Times’ Regional Media Group, took home $2.4 million in total compensation last year, up 71 percent. CFO Jim Folo received a 20 percent boost, earning $1.3 million.

A Times spokeswoman explained that the pay hikes were driven mainly by payouts tied to performance-based bonus plans with preset goals

Where is Mr. Obama’s outrage at these gigantic bonuses being paid to the CEOs of the New York Times?

Where is the ‘Pay Czar’?

(Just kidding, of course.)

This article was posted by Steve on Saturday, March 13th, 2010. Comments are currently closed.

5 Responses to “NY Times Execs Get Millions In Bonuses”

  1. proreason says:

    I say pay them 10 times the amount.

    Nothing makes a more powerful case for conservatism than the Slimes.

  2. GetBackJack says:

    1. Raiding the accounts just before Carlos Slim takes over for his drug cartel amigos?

    2. Raiding the accounts just before the Times shuts its doors because of Union pay contracts?

    3. Raiding the accounts just before NY AG discovers an Enron-styled scandal and inflated books?

    4. All of the above

  3. Clownzaround says:

    Well I would say there is not much Obama would say George Soros owns it so it is hard to come down on your masterhttp://online.wsj.com/article/SB10001424052748703822404575019413702273210.html?mod=WSJ-hpp-LEFTWhatsNewsCollection

    And when you deal in wall street it is hard to stop the hand that feeds you

  4. Clownzaround says:

    Well I would say there is not much Obama would say George Soros owns it so it is hard to come down on your master

    http://online.wsj.com/article/SB10001424052748703822404575019413702273210.html?mod=WSJ-hpp-LEFTWhatsNewsCollection

    And when you deal in wall street it is hard to stop the hand that feeds you

  5. Mithrandir says:

    When there is no outrage, there can be only one explanation: the accused or guilty are DEMOCRATS.


« Front Page | To Top
« | »