Posted on 01/28/2012 6:10:27 AM PST by jimbo123
Bloomberg reports today that the sudden resignation of New York Times Company CEO Janet Robinson at the end of 2011 came because she was pushed out by chairman and heir Arthur Sulzberger Jr. and his cousin, COO Michael Golden, and that for her troubles, Robinson will receive an exit package worth more than $21 million, much more than the $4.5 million in consulting fees previously reported. And yet revenue and profits at the company are down again.
(Excerpt) Read more at nymag.com ...
The NYT has a profit of $15 million last quarter, which means the $21 million golden parachute to Janet Robinson will WIPE OUT MORE THAN A QUARTER of the NYT annual earnings!
They grey lady is about get stupid as well as biased.
Well, the NY Times was in a state of uncertainty when she arrived so it’s just status quo.
The NYT is just spreading the wealth around by helping to create more ‘rat 1%ers.
A mere pittance when you look at all she did for the Democrats.
When a company is well run the exec deserves a bonus.
The NYT has been run into the ground. This is corporate greed at its worst. They should be ashamed of themselves, but of course they aren’t capable of that over there.
Hasn’t the liberal Times taken a stance against businesses using golden parachutes for executives? Just askin’
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