TVNewser Jobs PRNewser Jobs AgencySpy Jobs SocialTimes Jobs

Janet Robinson’s ‘Consulting’ Arrangement Works Out To $25,000 Per Hour

Former New York Times CEO Janet Robinson’s multimillion-dollar severance package included a $4.5 million payment for a one-year consulting gig.

Footnoted.com has now dug into the numbers and learned that the consulting contract states that she won’t be “required to provide more than 15 hours of such services or assistance in any month.”

The contract doesn’t stipulate a minimum amount of work. “So if the Times never calls Robinson, she simply gets the $4.5 million. If it does call her and she ends up consulting for 15 hours a month, that’s an effective rate of $375,000 a month, or $25,000 per hour,” Footnoted says. She’s also due a bonus, which could bring her total exit package to $21 million.

Mediabistro Course

Book Promotion and Publicity Boot Camp

Book Promotion and Publicity Boot CampDevelop a plan for your book’s success in our online boot camp, Book Promotion & Publicity! Starting November 3, publishing and publicity experts will teach you the best practices for a successful book launch using various promotional techniques. Register before October 3 to get $50 OFF with early bird pricing. Register now!