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red states rule
03-14-2010, 08:41 AM
So the NY Times were screaming about the greedy Wall St CEO's taking their money while the "little guys" suffered

Once again, liberals live by their own set of double standards. One for them - one for the rest of us


[QUOTE]

Sulzberger pinches double the pay

Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million.

CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.

The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.

The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.

"Our members are really unhappy with what is happening," said Bill O'Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still."
One corporate governance expert warned that even if a publicly traded company's compensation committee OK'd the compensation, it could backfire in the court of public opinion.

"I think the board may want to weigh the consequences of rewarding their executives, who may be worthy of the increases, against the damage that may occur to the company's reputation," said William Sannwald, a business professor at San Diego State University.

Michael Golden, a first cousin of Pinch's who is vice chairman and chief operating officer of the Times' Regional Media Group, took home $2.4 million in total compensation last year, up 71 percent. CFO Jim Folo received a 20 percent boost, earning $1.3 million.

http://www.nypost.com/p/news/business/sulzberger_pinches_double_the_pay_TrcN6HTaxhSXcmLy NBxnFI#ixzz0i8p8Qdw3

darin
03-14-2010, 08:53 AM
if President Obama REALLY cared about workers, he'd give all Govt Employees $2M stimulus so we could quit our jobs, freeing up more jobs. :)

red states rule
03-14-2010, 09:22 AM
if President Obama REALLY cared about workers, he'd give all Govt Employees $2M stimulus so we could quit our jobs, freeing up more jobs. :)

That is where all the stimulus money IS going. The only sector of the US economy that is growing is GOVERNMENT

I was watching the "Chris Matthews Show" and the panel were all liberal reporters. Joe Kline just said how people are "stuck" on the economy, and do not see how successful Obama has been. It may not look like it - but he has been

This is the liberal mindset and what we will be told. All if well, things are getting better - just don't pay attention to what is going on around you