Janet Robinson will step down as chief executive of the New York Times Co at the end of the month, as the company
continues to struggle with advertising declines and a years-long slump in its share price.
From the NYT comments – “Krugman, we want Krugman. The smartest man in the world. He knows everything and he’s right there. If not him, Friedman or maybe Brooks or Dowd. All super brilliant people. They have never, ever been wrong. Maybe get the whole bunch involved.”
h/t trappedintrudopia
Occupy NYT: “An SEC filing says Ms. Robinson will get $4.5 million plus health insurance for a 12-month retirement and consulting agreement, including “two-year non-competition, non-solicitation and non-disparagement covenants, a three-year cooperation covenant and an indefinite confidentiality covenant.”
“Friedman or maybe Brooks or Dowd.”
I don’t know whether to laugh or cry. They have never been wrong???
maybe their editorial stance will change ? most likely not…they seem to have trouble getting guest writers
http://www.jpost.com/DiplomacyAndPolitics/Article.aspx?ID=249718&R=R1
Prime Minister Binyamin Netanyahu is refusing to pen an op-ed piece for The New York Times, signaling the degree to which he is fed up with the influential newspaper’s editorial policy on Israel.
In a letter to the Times obtained by The Jerusalem Post on Thursday, Netanyahu’s senior adviser Ron Dermer – in response to the paper’s request that Netanyahu write an op-ed – wrote that the prime minister would “respectfully decline.”
Dermer made clear that this had much to do with the fact that 19 of the paper’s 20 op-ed pieces on Israel since September were negative.
Ironically, the one positive piece was written by Richard Goldstone – chairman of the UN’s Goldstone Commission Report – defending Israel against charges of apartheid.
“We wouldn’t want to be seen as ‘Bibiwashing’ the op-ed page of The New York Times,” Dermer said, in reference to a piece called “Israel and Pinkwashing” from November. In that piece, a City University of New York humanities professor lambasted Israel for, as Dermer wrote, “having the temerity to champion its record on gay rights.”
That piece, he wrote, “set a new bar that will be hard for you to lower in the future.”
Just another fish wrapper and subsidiary of the DNC.
Faster, faster. Please.
Its strange that only bankruptcy, it seems, is the only hope of salvation, for the terminally stupid and arrogant.
Up to that point, irrational beliefs are held on to, even in the face of impending doom.
Toobad so sad
… nonetheless, the rest of the left-lib-Democrat media industrial complex STILL takes their news lead from the NY Times. Amazing! They’re following each other off a cliff – couldn’t happen to a nicer bunch of unreadable elitist snots.
I hope teachers unions were heavily invested in NYT:
The handy investment calculator on the Times corporate Web site shows that $10,000 invested in NYT stock the day Ms. Robinson took over as CEO, on December 27, 2004, would be worth $1,855.14 today, a decline of 81.45%. The price of the stock went from $40.59 when she took over to $7.53 today, and though some dividends were paid out early in her tenure as CEO, the dividend has since been suspended.
Rob em blind Ms Robinson!
Anyone who has done as much damage to that cesspool of journalistic frauds deserves every last penny of that agreement, if not more!
CEO wealth is always carried in severance packages. If you ever make CEO of a large company, you’re set for life.
Sounds like they’re on a “suicide mission”
Where have we heard that term before?
“Alas, that is the Tea Party. It is so lacking in any aspiration for American greatness, so dominated by the narrowest visions for our country and so ignorant of the fact that it was not tax cuts that made America great but our unique public-private partnerships across the generations. If sane Republicans do not stand up to this Hezbollah faction in their midst, the Tea Party will take the G.O.P. on a suicide mission. ”
Tom Friedman NY TIMES
Anda one anda two
http://www.youtube.com/watch?feature=player_embedded&v=UK7wwxkcQvU
Share prices were $40 when she was made CEO.
They have dropped ever since.
Which is why there are commenters on TV who agree that the occupation movement made some valid points.
Run a company into the ground and be rewarded with wealth is one of the sins of the corporate world.
I’d sit on a cold street corner to protest that myself.
Justthinkin,
could be wrong here, though the comment maybe an irony.
I suspect that Carlos Slim Helú wants to bring in his own guy.
Hey unregistered,
Did Friedman write that before or after the 2010 shellacking of congress by tea party supported GOP candidates.
Being a shareholder of the NYT is taxation on stupidity. A failed business model is one thing but to reward incompetence seals it.
Too Democrat to fail?
A non-competion clause that imparts money? Isn’t that what got Conrad Black tossed into the federal pen? There may be hope yet.
Darn it, Mark, I was going to comment, “Aren’t non-competes illegal in the States or is it just Illinois?” but you beat me to it.
:^(
Slightly offtopic I guess but kind of topical has anyone ever flipped on the CNN morning show before? This morning I was flipping through the channels and wow what a pile of garbage. Seriously where did they get this collection of rejects?
Never mind the asteroid, the grunt satellite is waiting to re-enter real soon now.
Kathy Shaidle is totally, 100% wrong. She said the NY Times will be gone in ten years.
No way they’re going to last that long. Especially after paying off the golden parachutes for their top brass.
I will retire with all the same caveats and for only $1M.
Any time, now, you can lob a lifetime-supply of cash at me, and I’ll just leave. Anytime. Now would be good.
Huh. I guess you gotta be an arrogant, useless, leftie to get that deal. I even offered a discount.
Hmmmm, I see Ms. Robinson will get $4.5 million plus health insurance for a 12-month retirement and consulting agreement, including “two-year non-competition, non-solicitation and non-disparagement covenants, a three-year cooperation covenant and an indefinite confidentiality covenant.”
Does this mean she gets a reservation for the Conrad Black suite in the crowbar hilton too – or is that just for Conrad???
Perhaps Ms Robinson, while prowling the halls, overheard a party meeting
discussing Obama’s latest orders re the running of his newspaper.
James
CNN has been detritus for years, a waste of airtime. And HLN is another rung down the ladder, tabloid TV at its absolute worst.
You have to ask yourself, why the alleged “genius” Ted Turner took what was the industry standard success story, of 20+ years ago, as CNN existed then, a center-right news/commentary staion, with relevant programs and discussions, and turned into the feminized, leftard, last place airtime it has turned into, ‘competing’ with MessNBC for last place in the cable ratings.
Did I mention Turner is regarded as a genius by some? The same sort of genius that has left the NYT in such good shape.