Unreported Looting

clipped from www.powerlineblog.com The failing business would be the New York Times Company, which, like most newspapers, has fallen on hard times and laid off many employees. The greedy executives include Chairman Pinch Sulzberger: Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million. "Our members are really unhappy with what is happening," said Bill O'Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still." Hypocrisy, your name is Pinch. Actually, this is even worse than the usual "greedy CEO" story because Sulzberger is a man of little ability who gained his position only because his family owns a large chunk of the company. Have the paper's editorialists called for federal regulation of out-of-control executive compensation in the newspaper industry?