[Proxy detail shows '08 salary, bonuses for top execs; complete table]
Even after his 2008 bonus was whacked in half, Chairman and CEO Craig Dubow still got $875,000, according to the new proxy report to shareholders. And that was on top of his $1.2 million salary, plus all the other millions the 54-year-old has made since 1981, when he began climbing Corporate's ladder.
Meanwhile, another employee told me their bonus got reduced, too. But I bet they feel it a lot more: "I work at one of the smaller Gannett properties in middle management. Finally were given our year-end bonus last week -- six weeks late, and when I got it, it was 33% less than last year. I was told due to no money. So I get $1,000 and work my ass off to cover for furloughs and not have any overtime in my department, and Dubow gets $875,000. That sucks."
Questions for Dubow
Don't you have enough already? Stockholders have paid you millions over the past 27-plus years. Did you consider giving up your bonus -- if only for a year, in solidarity with your co-workers? You know, the folks laboring in the trenches -- most with only a sliver of your wealth, but an overabundance of fear.
You knew your 2008 pay would get extra scrutiny. It was a year, after all, when you and your team laid off thousands of workers, while reducing retirement benefits and wages for thousands more, who now have little job security in a major recession. It was a wonderful opportunity for you -- and your fellow board members -- to show critically needed leadership, compassion, selflessness.
So, how do you think you did?
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