But consider the princely deals two former Gannett executives wrangled on the way out the door:
- Al Neuharth is getting $300,000 a year for the rest of his life under deals he reached with the board of directors when he retired as chairman and CEO in 1989. Neuharth is now 87.
- Larry Miller was to be paid $600,000 a year for the rest of his life after he retired July 1, 2003, as executive vice president of operations. The agreement, disclosed in this proxy report, renewed automatically for successive one-year periods unless Miller or GCI chose otherwise. I have found nothing in the public record indicating whether the contract is still in effect. Assuming he's still around, Miller would now be 73.