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THURSDAY, NOVEMBER 26, 2009
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5

As Staffers Take Pay Cuts, NYT Execs Get Bonuses

CEO's pay went up $1.5M last year

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(Newser) – New York Times Co. executives have taken big bonuses as their newsrooms endure layoffs and pay cuts, a proxy statement filed with the SEC reveals. At the eye of the storm is CEO Janet Robinson, whose compensation in 2008 was more than $1 million greater than her 2007 salary and bonuses, the Huffington Post reports. "What are they being rewarded for?" asked a reporter at the Boston Globe, which the parent company has threatened to shutter.

People leave The New York Times headquarters Monday, April 20, 2009 in New York.
People leave The New York Times headquarters Monday, April 20, 2009 in New York.   (AP Photo/Mark Lennihan)
Reporters are upset that, as they endure pay cuts, their CEO has received an extra $1.5 million in compensation.
Reporters are upset that, as they endure pay cuts, their CEO has received an extra $1.5 million in compensation.   (AP Photo/Steven Senne, File)
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It's just impossible to justify this kind of money going out of the door when the corporation is losing
so much money. - Brian Mooney, a Boston Globe reporter

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5 comments
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NutslnNY
Apr 22, 09 3:22 PM CDT
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IN RESPONSE:
NutsInNY
Apr 23, 09 4:51 PM CDT
My email to Newser: Newser: The person impersonating me is now using a lower-case "L" in place of the "i" in "NutsInNY". Over the past 24 hours I have watched the user's screen name morph from "Nuts1nNY" to "JOeY" to "Janey" and now back to one impersonating me -- this happens on the comments pages as well as at the links below. http://www.newser.com/user/67198885/1/joey.html JOeY Joined Newser on: Apr 18, 09 2:53 AM CDT http://www.newser.com/user/67198885/1/janey.html Janey Joined Newser on: Apr 18, 09 2:53 AM CDT http://www.newser.com/user/67198885/1/nutslnny.html nutslnny Joined Newser on: Apr 18, 09 2:53 AM CDT Can you seriously not put a stop to this? I am a dedicated Newser-user.
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nick
Apr 22, 09 3:45 PM CDT
Folks, it's not just Wall Street. The American workers of all ilk are being screwed-- in the compensation category-- by their own CEOs and Board of Directors. Corporate greed, seemingly, has no politics. Reply
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muleskinner
Apr 22, 09 9:33 PM CDT
Explain to me what this has got to do with liberalism, when most of these people are republicans. Reply
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radnip
Apr 24, 09 5:40 AM CDT
Hee. For a sec there I thought business had changed. Thank goodness,: It's still "workers have to take a pay cut" and no word of execs taking any pay cuts. It's still business as usual. Reply
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