Blog Post

Passing The Hat: Top NYT Executives Scrape Together $150K In Salary Cuts

imageHow much will Arthur Sulzberger Jr. and his fellow executive officers at The New York Times Co. (NYSE: NYT) save the company by taking a paycut this year? All of $158,000 (or about a month’s worth of group lunches at Michael’s).

The company said in an SEC filing released today that it would cut executive salaries by 5 percent through the end of the year. Here are the pre-salary-cut salaries of the executive officers at The New York Times: Sulzberger (Chairman and Publisher) $1,087,000; Janet L. Robinson (President & CEO) $1 million; Michael Golden (Vice Chairman) $627,000; P. Steven Ainsley (Publisher Boston Globe) $500,000; and James M. Follo (CFO) $480,000.

2 Responses to “Passing The Hat: Top NYT Executives Scrape Together $150K In Salary Cuts”

  1. The biggest question is, why does a "vice chairman" get the 3rd biggest salary when he just recently took on an operating role? Could it be because he's a member of the family? I love how the Sulzbergers line their pockets with shareholder money in the form of salary now that they can't do it with dividends and stock appreciation and options. Can't wait for the bankruptcy so Carlos Slim can take it over and cut out all these "family" leaches.