The Media Equation: At Gannett, Furloughs but Nice Paydays for Brass

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by

Trent
in

At Gannett, Furloughs but Nice Paydays for Brass

There’s a dissonance between furloughs and layoffs for employees while chief executive compensation doubles.

Link: http://www.nytimes.com/2011/04/11/business/media/11carr.html?partner=rss&emc=rss

Mr. Dubow had agreed to lower his salary by 17 percent through 2011, but then again, last month he received a cash bonus of $1.75 million for 2010 and Ms. Martore received $1.25 million. For 2010, they were also awarded stock, options and deferred compensation that would bring their combined packages to $17.6 million if the company and its stock hits certain targets.