The Newspaper Guild of New York isn’t too happy with the huge “consulting fee” departing New York Times CEO Janet Robinson is getting next year. Buried in yesterday’s abrupt announcement that Robinson was leaving the paper was the news that she was getting a $4.5 million payment in 2012. As you can imagine, this struck the Guild as a bit odd, all things considered.
The Guild’s President, Bill O’Meara, told Romenesko that Robinson’s payment was a surprise, and “they’re not happy about that when the company is still demanding major givebacks, including a freeze in the pension plan.”
“They’re offering basically no raises and lots of cutbacks,” continued O’Meara. “They want people to work a longer work week with no increase in compensation.”