Are the Head Honchos at the New York Times Overpaid?

The New York Times thinks so; the company's own payment rules bar execs from getting over $3 million in bonuses and 400,000 stock options. Yet publisher Arthur Sulzberger, Jr. and CEO Janet Robinson have both been paid under a plan that allows for $3.5 million in bonuses and over half a million stock options. Maybe that seems a tad excessive, but it's been a stressful year for the Times execs, what with all the staff cuts and ad losses they've sustained, so leave Pinch alone!

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By Jaya Saxena in News on September 21, 2009 2:20 PM

Comments [rss]

NannyState

Sulzie actually needs the money. As for the rest of them, I'm sure we'll all laugh about their dumpstr diving antics in Metropolitan Diary at some future date...

Mr Mel

This is how it works. They are public companies and it's open season on bonus overpayments. If it were a private company only the guys at the very top or family would be rewarded

JenChungsBaby

If they're getting paid to shrink the paper, its audience, its revenues and its reputation then they're actually underpaid.

jpeditor

best comment ever!

jpeditor

Seen this NYT want-ad?

SonnyBobiche

How tough can a NY Times Editor's job be? All he does is wait a week or so after a scandal breaks and only send a reporter to cover it once the dust has settled.

Way to run your inheritance into ground, heh, Pich?

shamanovsky

Have been reading NYT on the iPhone for couple of years now. I considered it the finest news source in United States.

ides_of_march

Let me see, the Times is losing readers, subscriptions and advertisers every day....

Anyway, since the Times' only purpose on earth is to push a left-wing agenda, I suspect the Obama gang will cook up some sort of bail out for the bathhouse boys at the Old Gray Lady.