"In 2008, Ainsley, the publisher, received about $113,000 in bonus pay, down from more than $314,000 in 2007"
No wonder they are losing a million-six each week!!!
"200 Globe managers won't get '09 bonuses; Guild starts talks on concessions" by Robert Gavin, Globe Staff | April 15, 2009
The Boston Globe said last night that it will eliminate bonuses this year for more than 200 Globe managers and executives, including publisher P. Steven Ainsley, as part of efforts to cut costs at the money-losing newspaper....
200 executives and managers? 200? Do they really need that many?
The reductions come as the Globe and its owner, the New York Times Co., seek $20 million of concessions from 13 unions under the threat of shuttering the newspaper. The unions have criticized the bonuses paid to managers early this year for their 2008 performance and called on managers to lead by example by taking their fair share of cuts.
The cost-cutting move applies to 2009 bonuses, which would have been paid in early 2010. Globe spokesman Robert Powers declined to disclose how much the company pays in bonuses. The bonuses are based on individual performances as well as the overall performance of the company. In 2008, Ainsley, the publisher, received about $113,000 in bonus pay, down from more than $314,000 in 2007, according to financial filings....
He gets a BONUS after they LOST $50 MILLION last year?
--more--"
And It's One, Two, Three Strikes Your Out at the Old Boston Globe!
Boston Globe Readers Are Idiots
Saying Goodbye to the Boston Globe
A Final Farewell to the Boston Globe
Goodbye, Globe!!
NO PURCHASE today!
Why?
So I can read s*** and pay some s***ters bonus?
