Wednesday, November 5, 2008

Gannett's Greedy CEO

No wonder the MSM papers are loosing money!!!

"he made $1.2 million in 2006 and 2007"


"Gannett CEO takes pay cut as chain plans to cut jobs

The chief executive of Gannett Co. will take a voluntary 17 percent pay cut through next year, while senior executives will have their salaries frozen as the nation's top newspaper publisher prepares for major layoffs next month. In a memo to the staff, Craig Dubow acknowledged the "deep sacrifices" that all employees are making. He said he was reducing his annual pay by $200,000, beginning this month and continuing through 2009. The memo did not specify his base compensation. According to proxy statements filed with federal regulators, he made $1.2 million in 2006 and 2007, and $200,000 is 17 percent of that amount (AP)."

And the LOOTING is to be found in EVERY SECTOR of AmeriKan society, is it not?


How many jobs could another FEW HUNDRED GRAND save, huh?

And these newspapers are crying poverty and lost revenue?