Posted on 06/07/2006 12:08:37 PM PDT by george76
Kincaid: "Mr. Chairman. My name is Cliff Kincaid with Accuracy in Media. I will wait before getting into the praise and criticism I have of the paper's journalistic and editorial processes.
But on the matter of business operations, this is a shareholders meeting, and I think it's about time that the company level with the shareholders about how much money was paid to Judith Miller in her controversial severance package.
What is that figure?"
Times Chairman Arthur Sulzberger: "Mr. Kincaid, we actually don't discuss the specifics of any employee's salary or compensation or severance.
But I do believe in the document you have put out [an AIM column] that I saw yesterday that you used the figure of $3 million."
Kincaid: "That's been reported."
Sulzberger: "And I want to assure you and the shareholders that this is appallingly wrong.
Okay. That is not wrong by a small factor.
That is wrong by a significant factor. Beyond that I'm not prepared to comment."
(Excerpt) Read more at aim.org ...
Nothing to hide?
"we actually don't discuss the specifics of any employee's salary or compensation or severance..."
Well, I wouldn't want my employers publicly discussing what my various seperation packages have been.
The New York Times, being a NYSE listed firm, must provide the SEC a list of insiders and their compensation ?
Honestly, that's SOP for any publicly held corporation. They are only required to reveal compensation for high-level execs and board members, not lower level employees.
Now if they paid her off to stop her from taking legal action against the corporation, Kincaid has a different argument.
Judith Miller is a top insider.
I believe that the SEC requires public disclosure of compensation packages for top insiders of NYSE listed firms.
here is the index to the NYT's SEC filings.....her severance/hush/whatever will be concealed in whatever category of expenses they thought hid it best
http://www.pinksheets.com/quote/filings.jsp?symbol=NYT
It requires disclosure of compensation for the highest level of company officers, compensation of directors, and large transactions with a corporation's related parties.
In limited ways-----depending on stock setup.
ping
Bump!
Bump!
Thanks.
Thanks.
I was thinking that Pinch got himself deeper into trouble.
The elite liberals are incapable of telling the truth or disclosing the reality like Miller's package.
How can they honestly hide that from stock owners?
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