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General News    H3'ed 4/4/09

New York Times Co. CEO Pockets Millions While Demanding Steep Union Concessions

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By MARC McDONALD The New York Times Company, owner of The New York Times and The Boston Globe, has taken the gloves off (and put on a pair of brass knuckles) in hard-line negotiations with its unions. The company is threatening to close The Boston Globe unless the newspaper's unions quickly agree to $20 million in concessions, the Globe reported on Friday, quoting union leaders. But while The New York Times Company is demanding that its employees make steep sacrifices, its CEO is raking in millions. Forbes.com reports that The New York Times Company CEO Janet L. Robinson raked in $5,578,451 in compensation for 2008. This includes $1,552,603 in restricted stock awards, as well as a salary of $1 million. Once again, America's CEOs pull down huge pay packages, even as they demand brutal sacrifices from their workforces across America. You know, I expect this sort of thing from a hard-line, right-wing company like the Coors Brewing Company. But this is the "liberal" New York Times for Chrissakes. So much for the now-quaint notion that "The business of a newspaper is to comfort the afflicted and afflict the comfortable."

 

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The creator of the progressive site, BeggarsCanBeChoosers.com, Marc McDonald is an award-winning journalist who worked for 15 years for several Texas newspapers, including the Fort Worth Star-Telegram, before he quit his day job and set up shop (more...)
 
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