Gannettwill be laying off another 700 employees, about 2 percent of its workforce (Poynter.org, 6/21/11), after shedding 2,400 jobs last ear.
"The economic recovery is not happening as quickly or favorably as we had hoped and continues to impact our U.S. community media organizations,"
GannettU.S. Community Publishing division president Bob Dickey explained in a memo. That slow pace of recovery didn’t stop Dickey from upping his total pay to $3.4 million in 2010, from $1.9 million in 2009. Nor did it prevent Gannett CEO Craig Dubow from doubling his 2009 salary, to $9.4 milllion (Poynter.org, 3/25/11).
Dickey and Dubow were just two of the sixGannett executives with multi-million-dollar paydays in 2010. Despite a lackluster stock erformance,
the company rewarded the executives in part for their success in imposing layoffs, pay cuts and other austerity measures on their less well compensated subordinates (Gannett Blog, 3/24/11).
Ya, we all share the pain, as long as it doesn't include the bastards who put us in this condition.