Skip to comments.Gannett starts new CFO with $750K in salary, bonus
Posted on 12/11/2010 1:54:59 PM PST by george76Edited on 12/11/2010 1:57:10 PM PST by Admin Moderator. [history]
Gannett Co. is paying its newly hired chief financial officer at least $750,000 during his first year on the job as he tries to help the publisher of USA Today and more than 80 other newspapers rebound from a prolonged slump that has triggered a succession of layoffs.
(Excerpt) Read more at news.yahoo.com ...
General Manager Dan Brown has resigned from Press-Citizen Media.
December 9, 2010
If accurate, pretty sad.
Why is it a matter of public record what a private company chooses to pay an employee.
750K for a major company CFO is not big money at all. In fact, it is rather pauper like.
I thought that we were allowed to post more than one sentence in an AP story.
Please note the third paragraph about advertising revenue
(This is an interesting blog for anyone interested in Gannett’s underbelly: http://gannettblog.blogspot.com/)
Well, it is private in the sense that it is not a government agency, even if it shills for the Democrat party at every turn.
If it’s publicly owned, the shareholders have a right to know what the executive officers are paid. They own the company.
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