The New York Times Co. just disclosed annual compensation for top officers last year, and their paychecks soared in comparison to 2008. The pay boosts came during another year of layoffs and other austerity measures.
Chairman Arthur Sulzberger was paid $5.9 million vs. $2.3 million in 2008, according to the just-filed annual proxy report to shareholders. CEO Janet Robinson earned $6.3 million vs. $4.8 million in 2008, the document shows.
Their fattened paychecks came when overall NYT Co. employment fell 18%, to 7,665 workers, as the company struggled to recover from revenue losses as more advertising dollars shifted to online competitors.
Related: Here's the full compensation table for the company's five highest-paid executives