Friday, December 16, 2011

New York Times Called Out on Golden Parachute Hypocrisy

The facts speak for themselves. The departure of the New York Times Company CEO, and the rich package she is receiving, despite the abject poor performance of the firm's stock performance, is disconcerting, though, on its own perhaps not so unusual. But what makes this newsworthy is the Times' incessant harping on excessive pay to corporate executives and generous golden parachutes. Here, they had a chance to apply their high and mighty standards to themselves. They did not.


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