[So management-friendly: Harper, Magner, McFarland, Williams]Last year's absurdly generous executive pay was doled out by the executive compensation committee (above) of the board of directors. Gannett disclosed the pay figures a few hours ago, in the annual proxy report to shareholders. The committee members' company-supplied profiles appear below. I've hotlinked professional affiliations, so you may contact them directly with the many thanks they so richly deserve!
Arthur H. Harper
Managing partner, GenNx360 Capital Partners, a private equity firm focused on business-to-business companies.
Board committees: Nominating and Public Responsibility; Executive Compensation.
Other directorships: Monsanto Company.
Age: 51.
Marjorie Magner
Co-managing partner, Brysam Global Partners, a private equity firm investing in financial services with a focus on consumer opportunities.
Board committees: Audit; Executive Compensation.
Other directorships: Accenture; and The Charles Schwab Corporation.
Age: 57.
Duncan M. McFarland
Retired chairman and chief executive officer, Wellington Management Company, LLP.
Board committees: Audit; Executive; Executive Compensation.
Other directorships: NYSE Euronext, Inc.; The Asia Pacific Fund, Inc., a closed-end registered investment company traded on the New York Stock Exchange; and trustee, Financial Accounting Foundation.
Age: 63.
Karen Hastie Williams
Retired partner of Washington, D.C., law firm of Crowell & Moring.
Board committees: Audit; Executive; Executive Compensation.
Other directorships: The Chubb Corporation; Continental Airlines, Inc.; SunTrust Banks, Inc.; and WGL Holdings, Inc., the parent company of Washington Gas Light Company.
Age: 62.
The committee had some professional enablers, too. From the just-released proxy report: "In November 2007, the Committee hired independent consultant Pearl Meyer & Partners to advise on executive compensation matters. Under the terms of the Committee's agreement with Pearl Meyer & Partners, the consultant is prohibited from doing any other business for the Company or its management, and the Committee may contact Pearl Meyer & Partners without any interaction from Company management. This ensures the independence of the Committee's compensation consultant."
Arthur H. Harper
Managing partner, GenNx360 Capital Partners, a private equity firm focused on business-to-business companies.
Board committees: Nominating and Public Responsibility; Executive Compensation.
Other directorships: Monsanto Company.
Age: 51.
Marjorie Magner
Co-managing partner, Brysam Global Partners, a private equity firm investing in financial services with a focus on consumer opportunities.
Board committees: Audit; Executive Compensation.
Other directorships: Accenture; and The Charles Schwab Corporation.
Age: 57.
Duncan M. McFarland
Retired chairman and chief executive officer, Wellington Management Company, LLP.
Board committees: Audit; Executive; Executive Compensation.
Other directorships: NYSE Euronext, Inc.; The Asia Pacific Fund, Inc., a closed-end registered investment company traded on the New York Stock Exchange; and trustee, Financial Accounting Foundation.
Age: 63.
Karen Hastie Williams
Retired partner of Washington, D.C., law firm of Crowell & Moring.
Board committees: Audit; Executive; Executive Compensation.
Other directorships: The Chubb Corporation; Continental Airlines, Inc.; SunTrust Banks, Inc.; and WGL Holdings, Inc., the parent company of Washington Gas Light Company.
Age: 62.
The committee had some professional enablers, too. From the just-released proxy report: "In November 2007, the Committee hired independent consultant Pearl Meyer & Partners to advise on executive compensation matters. Under the terms of the Committee's agreement with Pearl Meyer & Partners, the consultant is prohibited from doing any other business for the Company or its management, and the Committee may contact Pearl Meyer & Partners without any interaction from Company management. This ensures the independence of the Committee's compensation consultant."
[Photos: Gannett]
Gannett newspapers have long published contact information for elected officials. Don't forget: corporate directors are elected, too.
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