Posted on 03/16/2006 9:11:54 AM PST by abb
NEW YORK Knight Ridder Senior Vice Presidents Arthur Brisbane and Hilary Schneider will lose their jobs as a result of the McClatchy acquisition of Knight Ridder.
Knight Ridder CEO Tony Ridder told his corporate staff on Monday that they would not have jobs with McClatchy, according to The Kansas City Star’s Mark Davis.
The senior vice presidents along with other executives are committed to stay with the company until the deal closes. If they leave before the close, they will walk away from a payment equal to three times their current salary and bonus.
In an interview with Davis, Brisbane said he’s not sure what he will do next. He also disclosed he has no plans to write a book on Knight Ridder.
Last September, Ridder announced in E&P that he hoped Brisbane and Schneider would become his heir successors.
Before becoming SVP, Brisbane was publisher of the Kansas City Star. He is also a former editor and reporter. Schneider was CEO of Knight Ridder Digital.
E&P Staff (letters@editorandpublisher.com)
HUH? This needs congressional investigation NOW! Who they think they are? Oil company execs?..LOL
Oh my goodness, I got my wish. Wow!
Gee...that's too bad...NOT.
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