SIGN IN to access Harper’s Magazine
1. Sign in to Customer Care using your account number or postal address.
2. Select Email/Password Information.
3. Enter your new information and click on Save My Changes.
Subscribers can find additional help here. Not a subscriber? Subscribe today!
Gannett, by far the greediest newspaper chain in America and one that typically seeks to obtain profit margins otherwise available only to crack dealers, is cracking down on perks for top executives. No longer will the company pay club membership fees for execs, nor will it grant allowances for home security systems, except for CEO Craig Dubow.
Fortunately, Dubow will probably still be able to come up with the money to cover his club fees. His salary last year came to $1.2 million and he also received a $1.75 million bonus. Dubow’s total compensation package could be worth as much as $7.5 million. Four other corporate bigwigs did quite well too, receiving salary and bonus packages ranging from about $1 million to $1.3 million.
Of course, these executives deserve the money. During the last year, they’ve overseen the collapse of the company’s stock price (by roughly 50 percent), laid off lots of Gannett workers, and managed to reduce the quality of most of their newspapers.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Estimated percentage of U.S. gasoline consumption that occurs during traffic jams:
In India, 1.8 million female children were estimated to have died between 1985 and 2005 as an indirect result of domestic violence against their mothers; the boys of abused mothers were not at increased risk of death.
Vanilla latte and lemon pound cake continued to be the best-selling items at the Starbucks at CIA headquarters, where baristas do not write customers’ names on their cups.
Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!
“I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.”