As Staffers Take Pay Cuts, NYT Execs Get Bonuses

CEO's pay went up $1.5M last year
By Ambreen Ali,  Newser Staff
Posted Apr 22, 2009 3:12 PM CDT
As Staffers Take Pay Cuts, NYT Execs Get Bonuses
People leave The New York Times headquarters Monday, April 20, 2009 in New York.   (AP Photo/Mark Lennihan)

New York Times Co. executives have taken big bonuses as their newsrooms endure layoffs and pay cuts, a proxy statement filed with the SEC reveals. At the eye of the storm is CEO Janet Robinson, whose compensation in 2008 was more than $1 million greater than her 2007 salary and bonuses, the Huffington Post reports. "What are they being rewarded for?" asked a reporter at the Boston Globe, which the parent company has threatened to shutter.
(Read more New York Times stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X