Top executives at the country’s largest media companies continued to reel in multimillion-dollar pay packages in 2009, a year of widespread cost-cutting throughout the industry, The New York Times reports this morning. In several cases, the packages even increased from the year before. Among the executives listed: NYT Co. CEO Janet Robinson (left) was paid $4.9 million in 2009, 26% more than the year before, and Chairman Arthur Sulzberger Jr., the chairman, made $4.8 million, a 171% increase. Last year, company-wide employment plunged 18%, to 7,665, following layoffs. Over the same period, NYT stock jumped 69%, to $12.36 a share at the end of the year.
Monday, May 3, 2010
NYT spotlights big 2009 paydays for media chiefs
Top executives at the country’s largest media companies continued to reel in multimillion-dollar pay packages in 2009, a year of widespread cost-cutting throughout the industry, The New York Times reports this morning. In several cases, the packages even increased from the year before. Among the executives listed: NYT Co. CEO Janet Robinson (left) was paid $4.9 million in 2009, 26% more than the year before, and Chairman Arthur Sulzberger Jr., the chairman, made $4.8 million, a 171% increase. Last year, company-wide employment plunged 18%, to 7,665, following layoffs. Over the same period, NYT stock jumped 69%, to $12.36 a share at the end of the year.
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