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Fired CEO now makes $25,000 an HOUR


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Atma
Title: Dragoon
Joined: Apr 29 2010
Location: Cincinnati, OH
PostPosted: Feb 28 2012 02:54 pm Reply with quote Back to top

http://now.msn.com/money/0227-nyt-consultant.aspx

Quote:
It was public information back in December when New York Times president and CEO Janet Robinson was "stepping down," that she'd get $4.5 million to serve as a consultant to the company.

What we didn't know was that she only has to clock a maximum of 15 hours a month for that money, footnoted.com reports. That's the maximum. The minimum? Zero!

Robinson will get paid $375,000 a month, or $25,000 an hour, regardless of whether the Times calls her up for help or not. The Times Co. has been struggling with pension costs, a decline in print revenue and drops in ad revenue and circulation numbers.


Makes sense to me.

Man, I wish I could be a fired CEO when I grow up. Nice to know my yearly salary is matched 8 times in a month.
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Beach Bum
Joined: Dec 08 2010
Location: At the pants party.
PostPosted: Feb 28 2012 03:37 pm Reply with quote Back to top

Man I want her job. I'll take 25k an hour to sleep 10 hours a day and spend my time doing whatever the hell I want the other 14. Only problem I'd have was if they called me up, I'd probably be so wasted they'd have no idea what I was saying because if I'm making that kind of money for no effort I'll be sitting on a beach drinking margaritas 7 months out of the year.
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username
Title: owner of a lonely heart
Joined: Jul 06 2007
Location: phoenix, az usa
PostPosted: Feb 28 2012 04:22 pm Reply with quote Back to top

as a consultant?!?! lol dumb ass NYT.

"we're losing money in printing & pensions and we dont know what to do"
"you'll be fine, just keep paying me $375k/month"


Klimbatize wrote:
I'll eat a turkey sandwich while blowing my load

 
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@om*d
Title: Dorakyura
Joined: Jul 10 2010
Location: Castlevania
PostPosted: Feb 28 2012 04:25 pm Reply with quote Back to top

Ah, to be a CEO.


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aeonic
Title: Sporadic Poster
Joined: Nov 19 2009
Location: Kissimmee, FL
PostPosted: Feb 28 2012 05:10 pm Reply with quote Back to top

Just another reason that newspapers are going the way of the dodo. Every time I see one of those kiosks outside a grocery store or whatever offering a paper subscription and they ask if I want one, I say, "No thanks, I have the Internet." That's where I get the news slants and opinions other people want me to read!


Who likes role-playing games? Me. Way too goddamn much.
 
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Ghandi
Title: Alexz Aficionado
Joined: May 21 2008
PostPosted: Feb 28 2012 05:34 pm Reply with quote Back to top

Maybe print media would survive longer if they didn't give $4.5 million to people who aren't working and put it back into the company.


RIP Hacker

Alexz Johnson

 
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aeonic
Title: Sporadic Poster
Joined: Nov 19 2009
Location: Kissimmee, FL
PostPosted: Feb 28 2012 05:51 pm Reply with quote Back to top

Ghandi wrote:
Maybe print media would survive longer if they didn't give $4.5 million to people who aren't working and put it back into the company.


This. Also, how else would they justify laying off several dozen staffers who make about that much combined? "Look, Jim, we know you've been here for twenty years, but Janet needs a new private island, and it's a little unfair to ask her to work for it when she's obviously done such a great job running this company in the first place."


Who likes role-playing games? Me. Way too goddamn much.
 
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The Opponent
Title: Forum Battle WINNER
Joined: Feb 24 2010
Location: The Danger Zone
PostPosted: Feb 28 2012 09:04 pm Reply with quote Back to top

You're doomed! Give me money, quick!


I'm not a bad enough dude, but I am an edgy little shit. I'll do what I can.
 
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Blackout
Title: Captain Oblivious
Joined: Sep 01 2007
Location: That Rainy State
PostPosted: Mar 04 2012 06:41 pm Reply with quote Back to top

Wow, just wow.



 
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