As Staffers Take Pay Cuts, NYT Execs Get Bonuses

CEO's pay went up $1.5M last year
By Ambreen Ali,  Newser User
Posted Apr 22, 2009 3:12 PM CDT
People leave The New York Times headquarters Monday, April 20, 2009 in New York.   (AP Photo/Mark Lennihan)
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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.