It's the only fair thing to do, isn't it?
Most companies in trouble dramatically under fund their pensions (they record an obligation to pay the pension, but never put any cash in it - just like our Social Security system), and since the NYT looks likely to fail, the stock options are worthless. I'd say MoDo and the gang (of liars and thieves) have already made that sacrifice.
We can hope, anyway. My fondest hope is for Pinch Sulzberger and the worst of his liberal propagandists to be reduced to dumpster diving to survive. I'd pay good money for an extended video of that.