In a New York Post story this morning carrying the headline Sulzberger Pinches Double the Pay we learn that,
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Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur “Pinch” Sulzberger more than doubling his total compensation to $6 million.
CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.
The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.
The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.
“Our members are really unhappy with what is happening,” said Bill O’Meara, president of the Newspaper Guild of New York. “They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still.”
So, we have a failing company being looted by the executives while the rank and file are either laid off or take pay cuts. The Times editorial page has been raising hell about this sort of thing for years, but I predict we will see no mention of the Pinch-Robinson caper in their pages.
It’s a shining example of sanctimonious liberals not following the moral precepts they seek to enforce upon everyone else, many more examples of which are given by Peter Schweizer in this book:
Obama is going to propose a bailout of the New York Times. Will anyone remember this then? Will it matter? Not to Obama, I bet.
