Thursday, March 13, 2008

Dubow, other top execs feel your pain, Part 1

Four of the five top-paid Gannett executives told the board of directors they don't want to be considered for raises in base pay for 2008, "in light of the challenging business environment we currently face,'' the company disclosed today in its new proxy report to shareholders. (The lone holdout: Paul Davidson, head of the company's U.K. division, Newsquest.)

Making the big sacrifice, these folks will find a way to scrape by on the following piddling sums:
  • CEO Craig Dubow: $1.2 million
  • Chief Financial Officer Gracia Martore: $700,000
  • Retiring news division Chair Sue Clark-Johnson: $735,000
  • USA Today publisher Craig Moon: $600,000

Of course, none of them offered to give up a shot at receiving lucrative bonuses this year.

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