Gannett CEO gets 36% raise!!!

Awesome.

 

Sadly, that's a better performance than the one put together by our McClatchy Elders.

 

I'll be amazed if I have a job this time next year.

 

Depressing.

Utterly. Fucking. Depressing.

 

Don't remind me, although they were claiming that the latest ginormous earnings loss wasn't really a loss, that we'd made 40 cents a share but the $17+ loss a share was some Knight Ridder thing showing up. Right, and pigs have wings.
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Didn't Enron say something similar to this?

 

I'm surprised Gannett doesn't fold every paper it owns except USA Today and then distribute that in place of all of the local papers...

 

Yeah my boss tells me he can't hire a full-time No. 2 writer for me. He says it's just not in the budget. Then he gets a $19,000 bonus in December. Gee......as cheap as this company is that's base salary for a No. 2.

 

Agree it's really bad, some of us may not have jobs next year, but I don't think the industry will ever completely go away. The future looks scary, but don't give up until there's a pink slip in your (maybe my) hand.

 

Can't? You mean "won't." That cuts into his fund for a third vacation home.

If he's willing to blatantly lie to you about this, when will you know when he's telling you the truth?

What I love about this Gannett maneuver is the powers-to-be at many of their papers will tell you they don't have the money/budget for simple things, like travel or direct replacements for departed staffers. But they have all sorts of extra money for the one person in the corporation who needs it least.

Corporate Math 101 ...

 

Of course. CEOs get raises only by saving money, not by actually producing a decent product.

 

Thank God for that!! Or Gannett may have a hard time finding a CEO, besides, isn't it important for these guys to get raises, I'll gladly give up my pathetic 3% so this fine man can get 36%! I mean really, what am I gonna do? Get out of debt? Finally take my wife on a decent vacation? Who needs that, this guy needs themoney far more than me!

 

I think we hit a nerve with Mr. Gibbons.