Tuesday, April 21, 2009

Who Is Greedy?

Just thought this was interesting. The New York Times has reported
BIG corporations, buffeted by widespread economic pain and heightened scrutiny of lush compensation packages, appear to be paying attention to a longstanding complaint from shareholders: When it comes to executive pay, greed — even the appearance of it — is not good.
So here the Times refers to executive pay as possibly being greedy. In this NY Times post they list Executives and their performance. Yet notice one company that seems to be missing, or I missed it. Read here.

The Huffington Post has reported,
At a time when New York Times managers are forcing all employees to take a five percent pay cut, and demanding even larger sacrifices from the NYT-owned Boston Globe, top executives of the beleaguered newspaper received substantial bonus and fringe benefit payments over and above their salaries, according to a proxy statement released on March 11.
So we have the Pot is calling the Kettle black...I mean "greedy".
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.
I wonder if the New York Times' workers will start protesting at the homes of the Execs?

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