SEC Watch: Top NYTCo Execs’ Wages Soar

[kpete]

Source: Paid Content


SEC Watch: Top NYTCo Execs’ Wages Soar

While the NYTCo (NYSE: NYT) struggled under the weight of economic pressures and debt last year, top execs personally did pretty well, even as the company reduced its newsroom by 100 staffers. As the company’s recent Q4 results showed, cost-cutting led to greater profitability and that appears to show in the compensation of chairman and publisher Arthur Sulzberger, Jr., and president/CEO Janet Robinson, according to the NYTCo’s latest SEC filing.

In total ‘09, Sulzberger’s compensation was $5,986,738, more than double the $2,331,599 he earned last year. His base salary for last year was $1,046,238. Robinson did even better, earning a total of $6,262,755, which included a base salary of $962,500, for a significant 31.9 percent rise in earnings over last year’s $4,753,314.

Other execs also did pretty well. Michael Golden, vice chair and COO of the Regional Media Group, took home a total $2,400,841, which was a 71 percent gain over the $1,496,959 he got in ‘08. CFO Jim Follo earned a total $1,297,269 last year, a 20 percent rise over the $1,096,794 the year before that.

Read more: http://paidcontent.org/article/419-sec-watch-top-nytco-execs-wages-soar/

[scentopine]

1. LOL! Now we know exactly why NYT is soft on reform,,,

the fuckers are firing people and pocketing the difference. The paper is a cesspool of "centrist" sludge.

[Downwinder]

2. And they want me to pay for content!!

I think they have been eating too much CIA French Bread.

[dmr]

3. !

:thumbsup:

[SlingBlade]

4. K & R We Progressives Didnt leave the Party