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NYTimes CEO Departs with $4.5 Million Gift

Discussion in 'Journalism topics only' started by lcjjdnh, Dec 16, 2011.

  1. lcjjdnh

    lcjjdnh Well-Known Member

    "Consulting" <a href="http://biz.yahoo.com/e/111215/nyt8-k.html">fee</a>, of course:

  2. podunk press

    podunk press Active Member

    It's why I laugh when rich people die.

    And if that's mean spirited of me, oh well.
  3. lcjjdnh

    lcjjdnh Well-Known Member

    And here are the covenants:

  4. Stitch

    Stitch Active Member

    That's rough. I feel for someone who agreed to these onerous terms.
  5. Azrael

    Azrael Well-Known Member

    Coo coo ca choo.
  6. clutchcargo

    clutchcargo Active Member

  7. Raiders

    Raiders Guest

    There is no job at any newspaper worth $4.5 million a year, and that definitely includes a "consultant" with a golden parachute.

    Think of the jobs or projects that payout costs. Explain that to your readers.
  8. Joe Williams

    Joe Williams Well-Known Member

    They continue to play us all for chumps, boys & girls!

    Yet if it came down to covering a fire or an overtime game at 11:15 p.m. with an 11:40 deadline, I like our chances of succeeding helluva lot more than their chances of pulling together a readable story in time.

    We do journalism, they preside over the industry's ruination and they get filthy rich while we get furloughs.

    Occupy Newspaper CEOs.
  9. DanOregon

    DanOregon Well-Known Member

    Let's be honest with what these deals are - its hush money so a drawn out trial won't expose the corporate world to all of the skeletons stashed in closets.
  10. Tarheel316

    Tarheel316 Well-Known Member

  11. Joe Lapointe

    Joe Lapointe Member

    Wonder if she'll invest it all in Times' stock?
  12. WriteThinking

    WriteThinking Well-Known Member

    Have to agree with Stitch, 100 percent, on this one.

    Even if a departure was something other or worse than a simple retirement, why would anyone have to compete/work, at all, why would anyone have to solicit anything, and why would anyone disparage a company that gave them $4.5 million when they left?

    Money makes everything easier, even leaving under just about any terms some company might "demand." If demanding is what you're doing when you're paying somebody $4.5 million to do it.
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