Saturday, March 20, 2010

Forty-one percent pay hike for Gannett CEO

When the Springfield News-Leader's parent company Gannett lifts its company-wide pay freeze in April, does anyone want to bet that employees will not receive 41 percent pay increases?

That's what an Associated Press analysis shows Gannett CEO Craig Dubow received a 41 percent pay increase in 2009, including pay, bonuses, and perks, which would seem to call for an end to the company's efforts to make it look as if Dubow was suffering along with his employees, when he cut his base pay from $1.2 million to $1 million.

At the same time Dubows pay increased 41 percent, he was firing more than 6,000 employees and requiring all other employees to go through two weeks of unpaid furloughs.

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