I think I've heard this story before
Posted on 03/15/2007 8:25:03 AM PDT by PajamaTruthMafia
Top New York Times [NYT] Co. executives Arthur Sulzberger Jr. and Janet Robinson took in more than $4 million each in compensation packages last year while planning as many as 125 job cuts in Massachusetts.
Even as Times Co. shares slid by nearly 8 percent last year, CEO Robinson’s salary rose 11 percent to $1 million. That brings it “more in line” with the salaries of CEOs at similar companies, the Times Co. said in its annual proxy statement released yesterday.
Sulzberger, chairman and publisher of the company, received a compensation package valued around $4.3 million and Robinson’s compensation was worth about $4.4 million, the statement said.
Michael Golden, publisher of the International Herald Tribune in Paris and a cousin of Sulzberger, received over $1.6 million in compensation, including $31,202 for his spouse’s travel between New York and Paris, the proxy said.
The Times Co. has come under fire recently from union employees at The Boston Globe for planning to outsource a number of jobs to Bangalore, India. The Times Co. owns the Globe and the Worcester Telegram & Gazette.
“It’s unfortunate to see this kind of excessive compensation in the top ranks of the Times company at a time when dedicated, longtime Globe employees are seeing their jobs shipped overseas,” Dan Totten, president of Boston Newspaper Guild representing more than 1,000 Globe employees, said in a statement.
The Times Co. wrote down the value of the two broadsheets by a total of $814.4 million recently.
The company paid nearly $1.4 billion for both papers combined.
Salaries for Times Co. executives will stay the same in 2007, the company said.
Sulzberger asked that his annual bonus in 2006 remain the same as the previous year, which was $560,521.
As far as I'm concerned, they should give themselves a raise.
(It'll hasten their demise.)
It's not like they can attribute their compensation to good performance on behalf of the sharholders.
“It’s unfortunate to see this kind of excessive compensation in the top ranks of the Times company at a time when dedicated, longtime Globe employees are seeing their jobs shipped overseas,” ...
Arthur Sulzberger Jr. is a real Horatio Alger story. He started as a copyboy in the newsroom and was able to rise to the position of publisher of one of the world's greatest newspapers!
Question: Did the NYT and their toady papers give big press to Hitlery's blast of Halliburton's relocation overseas? And now the NYT organization is outsourcing to India? While execs at the top of this dying dinosaur rake in big bucks?
Where's the NTY op-ed blasting themselves for engaging in this "callous corporate greed?"
Arthur Sulzberger Jr. is a real Horatio Alger story. He started as a copyboy in the newsroom and was able to rise to the position of publisher of one of the world's greatest newspapers!
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I think I've heard this story before
For any other industry or company, this would be Old Grey Whore's editorial opinion. Once again, hypocrisy, thy name is New York Times.
I don't care what happens to the Times.
Did you not know Pinch was voted Most Likely To Succeed.....in pre-school.
for the deathwatch list
Hopefully the Gay Pervert, Pinch and whatever Janet Robinson is, will double or triple their salaries several times in the next few years. That will hasten the demise of this vile chain of dinosaur fishwraps.
The Ny Slimes execs/high priests and priestesses will become even more blood thirsty. Pinch and Robinson will gladly become more Aztec in their dealings with their underlings. They will use more human sacrifices/firings to appease the evil Gods of the business world.
Pinch, Robinson and the other Ny Slimes top management know there is no place for them to run to for a big paycheck. So they will gladly sacrifice those under them to stay employed until they too are sacrificed.
Now every NY Slimes employee is just one personality conflict away from being sacrificed to the Fishwrap Gods, er, fired. 
That's not a lot of money considering the size of the company, but it's a woeful ROI.
Somebody find those NYT editorials decrying executive pay. They're out there.
This reminds me of our 'friend' Marty...
To the staff:
I’d like to apologize for being out of town and unable to speak with you personally about today’s announcement regarding the reduction in staff...
We will talk more next week when I return.
We need congressional hearings RIGHT NOW. LOL
Let's be fair, here. First class airfare across the Atlantic isn't cheap. Wouldn't want her to be traveling in coach with the rest of us cattle, now would we? Isn't fitting for someone of her station.
Is that one trip or several trips ?
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