Tuesday, July 29, 2008

Dept. of Silver Lining: Dubow's pay could be worse

[Birds of a feather: Big paychecks at FannieMae and Gannett]

At least Craig Dubow's $7.5 million paycheck last year ranked him below that guy at imploding mortgage giant Fannie Mae. Indeed, GCI's transformative CEO landed at No. 22 in The Washington Post's new survey yesterday of the D.C. area's highest-paid executives: "Who got what in a slowing economy." (Post list of top 100 executives.)

Earlier: Dubow got a $1.75 million bonus -- and you got a t-shirt.

[Image: screenshot detail of list, Post]

9 comments:

  1. Sweet! I could be homeless soon due to a pair of $7.5 million dollar men!

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  2. Looks like the list is only for companies based in the D.C. area.

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  3. Thanks, @10:14 a.m. I have now clarified.

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  4. When CEOs and other highly paid supervisors realize that their salaries are in part what is killing worker motivation, then maybe they'll understand that by taking a smaller piece of the pie, the whole will survive and produce at a higher level. There can't be a sense of team play when a small percentage of the team is so grossly overpaid. And in an industry that is suppose to be hurting, it makes it even worse that these CEOs and publishers are making obscene amounts of money. Time to level the playing field or reduce the PR about us having to all pull together and work harder. There is no "togther." Journalism is a unevenly tiered profession. My ME can afford multiple homes, takes about 10-12 weeks off a year, works 6-hour days and tells his staffers that they aren't doing enough. Not real inspirational stuff from a "leader." But it starts at the top, with people like Dubow. They set the selfish and unfair standards. They don't give back. They don't roll up their sleeves and get down in the fox hole as some top publishers use to (I am talking many years ago). Why do companies pay these people what they do? Best I can tell, they aren't very smart, nor do they possess any great skills that would elevate a company. They might look nice in a suit, and have the ability to do heartless things that others can't, but beyond that, what's so special to warrant these salaries? I look for more profound, insightful traits in people at the top, yet see none. The top editor of my newspaper (USA Today), doesn't even know who I am, but probably makes 10 times what I do. For what? To dance around serious issues and to not know the names of half his staff? If he ever did say anything to me, I wouldn't even feel it were genuine at this point. The pay, the elitist attitudes, the lack of sincerity and openness...it's all killing this business.

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  5. Well put, I think ...

    http://tiny.cc/miLJA

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  6. That lack of sincerity isn't something that's easily turned on and off. I saw one of the top dogs where I worked treat the public just as horribly as she did the staff. Where in the world do they find these bad managers, and why in the world do they keep them? Bad management leads to turnover and turnover is so very expensive.

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  7. @ 11:39: Kudos! Fuckin' kudos!

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  8. And the RIFs continue down in AZ.

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  9. Anybody see the irony in one of FannieMae's major offices being directly located next door to Gannett's headquarters in Tysons Corner, VA?

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