Thursday, March 17, 2011

Ethics at the Journal-Sentinel??? Stop the presses!!!

This tidbit -- ironically from the Milwaukee Journal-Sentinel -- makes for some interesting reading:

Steven J. Smith, the chairman, chief executive and president of Journal Communications Inc., received total compensation of more than $2 million last year/ Smith received a salary of $752,000, bonus of $97,760, stock awards valued at $452,500, non-equity incentive plan compensation of $391,040, change in pension value and nonqualified deferred compensation earnings of $312,211 and other compensation of $13,442 for a total of $2,018,953, the company's proxy statement shows.

That's up 39.7% from 2009, when Smith made $1,445,492. Journal Communications posted a profit of $34.4 million in 2010, up 698% from $4.3 million in 2009.
So the Journal-Sentinel whines on the editorial page that state workers are overcompensated and should suck up massive pay cuts to match the suffering workers in the private sector yet its parent company lavishly fawns dollars and bonuses on corporate brass, perks which are never available to government workers.

Anyone smell hypocrisy here?  Or maybe another Koch ho??

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