Top execs, directors feel your pain (sort of)

Retired Chairman Doug McCorkindale (left) owned the most stock among Gannett's top officers and directors last spring, when the company filed public documents showing ownership figures. And along with the rest in the group, McCorkindale has seen the value of his shares plummet since springtime.

Worry not. The executives and board members (click on table, above, for bigger view) aren't wearing barrels yet. McCorkindale's stock, assuming he hasn't sold a bunch, is worth $108.3 million, based on Friday's closing stock price. But that's down a bruising $65 million since March 2, when Gannett reported these figures in its annual proxy report to shareholders. Gannett shares closed at $60.37 on March 2. Friday's close: $37.72. Oooph!

CEO Craig Dubow, too, racked up a big paper loss since March: $12 million. But his stake, assuming it remained the same, is still worth a princely $20.2 million. Among the other board members, who ultimately determine Gannett's future, Donna Shalala (left) suffered the biggest paper loss: nearly $520,000. (Of course, the big cheeses have other sources of income, too!)

Note: Table does not reflect director Neal Shapiro, who joined the board last month, after Gannett filed its March proxy report.

[Data: Securities and Exchange Commission Form Def 14A]

[Photo of Shalala, University of Miami]