And rightly so, because can you imagine how preachy things would get with Andy Rosenthal running your business? The cognitive dissonance is real, though. Employees are facing a 5% pay cut (which is bound to get bigger) and layoffs; the Boston Globe is facing total extinction; and yesterday we found out that the company, at its current rate, will be totally out of cash in a year. But Tom Edsall took a look at the NYT Co's proxy statement, and hey, the CEO is doing just fine!
According to the New York Times proxy statement filed with the Securities and Exchange Commission, corporate president and CEO Janet L. Robinson received a total compensation package valued at $5.58 million in 2008, up well over a million from the $4.14 million she received in 2007, and the $4.4 million she received in 2006.
That's in contrast to top boss Pinch Sulzberger, who's actually been taking pay cuts over the past three years (which would seem to be, you know, the prudent thing to do, considering) and thereby finding something the newsroom actually likes him for. Does Janet Robinson need a refresher in the NYT's unceasing, wall-to-wall coverage of one of the paper's most cherished pet issues, the way the CEO pay is "out of control, socially corrosive and divorced from any real rationale"? Check it out yo, over 100,000 results. Ask Gretchen Morgensen how much you should be paid! She has ideas.
What does a pissed Boston Globe reporter staring down the death of his own paper have to say?
"I speak for a lot of people who are just amazed at the depth and breadth of the hypocrisy here — the liberal New York Times and the liberal Globe... at one point in the negotiations, the company proposed eliminating all sick days for Guild members, like an Alabama sweat shop."
Ha, that's bad. I'm no "Business Expert," but I'd calculate the proper pay for the CEO of a company going down the drain as fast as the NYT Co. to be, oh, $60K and a free Metro Card. You already have that nice cafeteria in there. Don't get greedy.