March 14, 2010

Bloodsucking capitalists...

Maybe the workers will rise up against their oppressors... Oh, and the shareholders! A failing company is being looted, to the detriment of its real owners...

Sulzberger pinches double the pay -

Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million.

CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.

The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.

The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.

"Our members are really unhappy with what is happening," said Bill O'Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still."...

Suckers. Ha ha. You trusted liberals? You trusted a bunch pious frauds because they told you they are better than those horrid right-wingers? You probably trusted them because you read the NYT, and you believed your own lies.

Posted by John Weidner at March 14, 2010 8:36 AM
Weblog by John Weidner