Mass. hysteria over New York Times execs' bonuses

Someone tell me why this industry deserves to survive.

Those paydays that New York Times Co. Chairman Arthur Sulzberger and
President Janet Robinson received last year are once again coming back
to haunt them.

The Boston Newspaper Guild, which absorbed more
than $10 million in pay and benefit cuts to members last year in order
to save The Boston Globe, has lashed out at the Sulzberger and Robinson
2009 bonuses and are demanding their lost wages and benefits be

“We were astonished to learn that the two of you
received more than $10 million in stock awards and options in 2009,” the
Guild wrote in an open letter urging its members to send to Sulzberger
and Robinson. “During the year for which you were so richly rewarded,
the 600 members of the Boston Newspaper Guild gave back almost the same
amount in pay and benefit reductions — $10 million to be exact — after
you threatened to close our newspaper, lay off hundreds of people, and
strip Massachusetts of its largest newspaper.” —NY Post

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