I have been in the media profession since the day I started working in 1968 and I am incensed by an article I just read in The New York Times, with this headline: “Big Paydays for the Chiefs In the Media.”
The networks and newspapers have been firing thousands left and right for the past year plus, but executives, including Janet Robinson, CEO of The New York Times, and Arthur Sulzberger Jr., the chairman, respectively earned 26 percent and 171 percent more in 2009 than the year before, The NYT story reported.
I personally know reporters who feared for their jobs at The Times for months on end, talented reporters who earn about 4,800 percent less than Arthur’s $4.8 million salary.
Arthur and Janet had to cut costs because the paper’s ad revenue was sinking fast. Why didn’t they take pay cuts themselves, keep more people employeed and try to figure out what to do with their flailing enterprise?