Janet Robinson Exit Costs New York Times Over $15 Million

(Reuters) - Janet Robinson, who will step down as chief executive of the New York Times Co on December 31, will receive an exit package in excess of $15 million, according to people familiar with the situation.

Read the whole story: Reuters

Comments

[Margo Arrowsmith]

06:03 AM on 12/25/2011

Against the backdrop of an 80 percent decline in the Times Co's stock over her seven-year tenure as CEO, the size of Robinson's exit package prompted some criticism in the newsroom. Times Co shares are down 25 percent this year alone.

So CEO's are still rewarded for incompetence and failure.   Gotta love that system.

[Leviathan21]

12:14 AM on 12/24/2011

Yeah, I'm sure it cost them major cost. But, hopefully, they will still be able to afford professional copy writers!

[Rational Thought Plz]

10:33 PM on 12/23/2011

"New York Times CEO Exit Costs Paper Major Cost"

ok

[methodman]

07:54 PM on 12/23/2011

Good for you I saw you on Sunday morning CBS and hope you will do us 99% a favor by showing us through some type of course maybe on Safari Online books how you made and how the stock market ties itself to business transactions

[Margo Arrowsmith]

06:01 AM on 12/25/2011

Fanned and faved!  Love it!

[nofriendofrepublicans]

06:51 PM on 12/23/2011

They'll only have to layoff 6 or 7 journalists to pay for it.

[Robson]

05:25 PM on 12/23/2011

These are the people that are plucking the wealth of America clean to the bone. They and their greedy cronies and oligarchs run the banks, the government, the regulators, the media. They get rich and average American schmucks get the shaft and lose their pensions. Our nation has been hijacked. If you don't see the common denominator then you are part of the problem.

Sure her handout is peanuts compared to the financier thieves and some others but it is far more than average Americans who typically lose and get much less instead of more.

[kaizen84]

04:25 PM on 12/23/2011

Why is HP exposing this embarrasing fact?

Remember, only jobless welfare recipients are supposed to be good and morally superior.

[REASON2010]

02:32 PM on 12/23/2011

Not such a big story when it's a liberal pet paper like the NYT. $15 million golden parachute!!!
Where did that term limousine liberal come from again? Do as we say, not as we do!!!

[Rubinwitz12]

07:52 PM on 12/22/2011

Look at that liberal woman wearing the cape!

[kanga573]

01:48 PM on 12/22/2011

"...Costs Paper Major Cost" Really, Huff Post?

[bookon]

02:36 PM on 12/22/2011

I was JUST going to ask the same thing...

[Assumed Name]

10:56 PM on 12/22/2011

I swear they use child labor. (5th graders to be exact.)

[sippewissett]

01:40 PM on 12/22/2011

HP, do me a favor. Write an article on the golden parachutes of all the CEOs on Wall St. and the financial community. Then put Robonson's package into that context. Don't make this out to be newsworthy because she's a woman.

[corwin]

09:52 AM on 12/23/2011

Thank goodness you've written,Sippie Many HuffPo readers were at a quandary over how to deny the significance of this.You know,liberal flagship paper spiraling ever lower ,readership dwindling,heir not able to run the place,credibility somewhere south of the Enquirer...
BUt,you're reminded us it's not a golden parachute ,it's a woman being supported by the same. (I think I may have eventually tumbled,even though I'm not a Liberal Arts major. Things are in context now.)

[alumcreek]

01:10 PM on 12/22/2011

WOW! She will get a week's pay in relation to a major CEO of a major corporation. Why not give her what the former CEO of Exxon got, $1.6 billion severance pay?

[corwin]

09:56 AM on 12/23/2011

I'm sorry,Sippie ( see above) has beaten you to this.But,you may be able to answer this question Given the difference in values of the companies,and the drop in valuation during Ms R's 'stewardship', should she have been paid more. (Diffidently, I have to point out to you,Exxon's value rose. It's a small school,but many of us love it.)

[alumcreek]

12:37 PM on 12/23/2011

If the value of a company has anything to do with CEO pay, no accoutant has ever been able to find statistics to back up that notion. Companies that have lost massively have paid severance of many millions in the past and will continue to do so in the future.

If you are implying that this woman is responsible for the diminishing value of the company than you are even sillier than your response.

[Joseph Joyal]

12:54 PM on 12/22/2011

Geez, another CEO get millions, no surprise. maybe the Board of Directors should stop giving these kind of contracts.

[vonrall]

12:54 PM on 12/22/2011

They are sinking. I've advertised with them a few times, and the rates are FAR below what you'd expect and they often call to offer even lower rates.Worst of all though, there is little response to the ads , while the local papers I use do pretty well.

[sippewissett]

01:41 PM on 12/22/2011

And so you're asking us to believe that your one data point constitutes a national trend? BTW, how much investigative and international reporting do your local papers do?

[Hwrd Sprague]

02:18 PM on 12/22/2011

if it's nothing it's still more than the NYT does

[corwin]

10:00 AM on 12/23/2011

Nope,Sippie. I think he was telling an anecdote that parallels the trend. (The trend is a constantly lower stock prices,quarterly loses with occasional feeble profits,divestment of assets,dwindling circulation and bitterness on the part of NYT's readership over its occasional forays into objectivity. It 's not that difficult. (Frankly, I'm surprised you couldn't figure it out for yourself.)

[astuartgirl]

10:05 AM on 12/27/2011

Shop local.

[coffeebeaner]

12:05 PM on 12/22/2011

"New York Times CEO Exit Costs Paper Major Cost" Redundant much?