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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 Active 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 Active 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 Active Member

    Coo coo ca choo.
     
  6. clutchcargo

    clutchcargo Active Member

    Perfect!
     
  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 Active 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

    This.
     
  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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