NY Times Chief Executive stepping down, receives $15 million payoff after presiding over 80% stock price decline

by RJ~PWCM~JLA Posted 2011/12/22 15:23:55

Related Topics: Google, Tenure, Time, 2008, Parachute, Declined, Companies, Greed, Job, Executives

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Janet Robinson, Chief Executive of the NY Times Company, will be stepping down on December 31st after seven years on the job. During her tenure, the company's stock price declined 80%.

Now we all know how the NY Times absolutely abhors "golden parachutes" and the like - especially for executives who ran their companies into the ground. Here's an example that took me less than 5 seconds to find in Google:
http://www.nytimes.com/2008/09/19/opinion/19iht-edbankers.1.1...

So of course Ms. Robinson will be leaving the Times with nothing more than a handshake, right?

Wrong!

Ms. Robinson will be leaving the Times with more than $15 million in her pocket.

Oh, the greed! The greed!

tommyg - POTL- PWCM-JLA 2011/12/22 16:55:46

+5
Typical. It's easy to bitch and moan...until it's your money.
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sglmom 2011/12/27 06:50:25

+1
Sheesh ..
FAIL in a tremendous way .. and get Well-Rewarded in the process ..
Kind of like with Politicians ..
(but then again .. the NYT is an Advert Agency for them ... so guess he's just /reaping/ some of those /rewards/ ..)

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Demonic Rat Hunter 2011/12/22 18:05:59

+2
If you make a profit the Lefties call you evil and mean but if you lose their shirt running a corporation into the ground they think you deserve a bonus.

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topcat128 2011/12/22 17:46:49

That's the American Corporate Way. Give everything to CEO's and nothing to workers except their pink slips.

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tommyg - POTL- PWCM-JLA 2011/12/22 16:55:46

+5
Typical. It's easy to bitch and moan...until it's your money.

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Tasine 2011/12/22 16:10:54

+4
And the hypocrisy! Those on the left have no morals, no shame, no integrity. The far left are the dregs of our society, no matter how much money they have, no matter how much education they have, no matter who they know. In the end, they are sleaze and corruption. I couldn't care less if they give her 100 million dollars to get rid of her, she's still the one who presided over one of the sleaziest "newspapers" in the world. If she dines with Obama, she is still sleaze. And it seems that "newspaper" will forever be filled with lies and innuendos.

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RJ~PWCM... to Tasine 2011/12/22 16:54:30

+3
Couldn't agree more :) !

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