Friday, March 25, 2011

Disgusting, should be criminal: Gannett doubled CEO pay to $9.4 million

Via Gannet blog:

Gannett just disclosed that it paid Chairman and CEO Craig Dubow $9.4 million last year -- double his 2009 pay -- as the company laid off hundreds of workers and imposed wage cuts on thousands more. His pay included a $1.75 million all-cash bonus.

Chief Operating Officer Gracia Martore got $8.2 million, more than double her $4.0 million in 2009, according to the new shareholders proxy report filed this afternoon with federal regulators. Her pay included a cash bonus of $1.25 million.

via Poynter. » Romenesko by Jim Romenesko on 3/25/11

Gannett Blog
Craig Dubow‘s pay included a $1.75 million all-cash bonus, reports Jim Hopkins. Chief operating officer Gracia Martore was paid $8.2 million, with a cash bonus of $1.25 million. The bonuses were awarded partly on the basis of cost-cutting… Read more

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