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Gannett CEO gets 36% raise!!!

Discussion in 'Journalism topics only' started by Pulitzer Wannabe, Mar 14, 2008.

  1. Sorry if I'm d_b'ing:


  2. mdpoppy

    mdpoppy Member

    Keeping reading the story ... almost half of his compensation is worthless.
  3. Mizzougrad96

    Mizzougrad96 Active Member

    I'll repeat the line I heard from a friend in the business...

    Gannett exists so there will be newspapers to read in hell...
  4. Ben_Hecht

    Ben_Hecht Active Member

    Yep, the option portion is 'way underwater, and is unlikely to resurface, for the foreseeable.

    Still, just think. Somewhere, a village is doing without, because they couldn't match/beat this deal.
  5. goalmouth

    goalmouth Well-Known Member

    Wow, could a company send a worse message to shareholders AND the rank and file at the same time?
  6. Sam Mills 51

    Sam Mills 51 Active Member

    No. But since when has Gannett cared anything about anyone other than its executives and the bottom line?

    I hope a copy of this story hits the desk of every Gannett employee, along with an accompanying e-mail. Sure, work those extra hours, come in and do that story on your day off as we continue to cut and cut and cut employees. ... ... ... But know that we're going to pay someone else for your work.
  7. PHINJ

    PHINJ Active Member

    Working for Gannett makes you an enabler.
  8. playthrough

    playthrough Moderator Staff Member

    Seeing how my local Gannett paper physically shrank three weeks ago, the CEO absolutely deserves it. He's gotta be saving a fortune in newsprint ::)
  9. mustangj17

    mustangj17 Active Member

    The Gannett CEO got a raise so Gannett can pay their stringers an hourly rate below minimum wage.
  10. What, he didn't waste enough of their money on the new newseum?
  11. Piotr Rasputin

    Piotr Rasputin New Member

    Gannett stock was $60 a share, and is now $29.97. So the largest newspaper chain lost half its value in a year.

    Shudder down the spine.
  12. PeterGibbons

    PeterGibbons Member

    I'm glad to see someone will be able to live comfortably after the whole industry vaporizes in the next couple years
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