I think you did not read closely enough. The conservative view is not to plunder a company but to keep it healthy. Are you defending the CEO getting $24 million at at time the company is tanking? If the NYT was doing great that would be another matter.
How badly is it tanking? Are people still being paid? Businesses coming and going is part of capitalism. Demand dries up, and supply is no longer needed. Using the Marxist rallying cry of “workers unite” and saying Marx was right is a little ridiculous.
If the NY Times is plundering employees perhaps those employees should have made better decisions regarding their place of employment.