March 13, 2010
FAILING UPWARD: Sulzberger’s Pay Doubles.
Arthur Sulzberger Jr.’s overall compensation as chairman of the New York Times Company “more than doubled to $6 million in 2009,” reports Dow Jones Newswires. That during a year during which many Times reporters and editors, who make about $100,000 a year, were subjected to a 5% pay cut, and reporters at the Globe, who make less than those at the Times, took a 5.9% pay cut. Something to remember the next time you read one of those New York Times editorials piously denouncing income inequality.
UPDATE: Maybe he just had a good diversity year. Oops — nope!