Warner Todd Huston, Red State
Apparently the long knives President Obama has out for the blood of CEOs and high paid executives does not apply to the bigwigs at The New York Times. In a March 11 piece ABCnews.com posted a Reuters report that the suits at The Times are still doing quite well despite the downwardly spiraling fortunes of the newspaper they helm. Not only are salaries holding steady, even rising, but they are also receiving bonuses. All of this while profits have plummeted along with advertising sales.
While other large corporations are freezing executive salaries and or even cutting them, the top two NYT execs have seen salaries holding at the same rate since 2006 if not rising. Arthur Sulzberger, Jr, even got a one-time bonus of $38,045. NYT CEO Janet Robinson saw her total compensation rise from $4.1 million to $5.8 over last year.
So, where is President Obama to ask for their heads on a pike?
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