Wednesday, April 1, 2009

McClatchy paid CEO Pruitt $2.7 million in 2008 (this is not an April Fool's joke)

This is no joke -- even though McClatchy's share price has fallen by 95 percent over the past year, the board rewarded Gary Pruitt by paying him $2.7 milion in 2008. Pruitt's compensation was down from $4.6 million in 2007, and $5.7 million in 2006.

(Photo credit: AP/H.W. Chiu)

UPDATED: In comments, a reader asks:
Why am I looking at a furlough package, to surrender a weeks pay, the very ability to feed my family, when Pruitt takes home $3 million?

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13 comments:

Anonymous said...

So when does this idiot get the 90%congress tax?

More media Rebulicans bad, democtrats "we don't report on."

Oh, and buy our "truth to bullshit" paper that we just raised the price by 50%

Anonymous said...

I would think the MNI BOD would be red-faced about Pruitt’s salary. There is just no way to justify it. I don’t believe he even has a workable plan for the company's future. Of course, having helped elect Democrats, he may expect payback. That’s working for the unions fairly well.

Anonymous said...

It looks like ‘The Gary’ has the same hairdresser as ‘The Donald.’

Anonymous said...

Why? Why am I looking at a furlough pacakage, to surrender a weeks pay, the very ability to feed my family, when Pruitt takes home $3 million? Anyone?

Anonymous said...

8:34

Did you see the post yesterday that said Media General is already back for more furlough time?

“…[added] three more days of [unpaid furlough] to the 10 that employees were already required to take.”

Anonymous said...

Is Gary Pruitt an alien? As in, Men in Black?

Pure evil that this guy is still getting paid and not forced to quit.

Anonymous said...

So he "earned" $29,000 for percentage drop in MNI's stock price last year or to look at it another way, $270,000 for every $1 drop in the stock price. Nice, very nice.

Anonymous said...

He looks more like the Batman joker than Mick Jagger??!!

Anonymous said...

"He looks more like the Batman joker than Mick Jagger??!!"

We have been saying that for years. Only we say it like this: "The Jokah!"

Anonymous said...

If he made five percent of that, he'd still be stealing money.

Anonymous said...

I'd just take the intrest of that $2.7M for one year, instead I am forced to keep sending in my unemployment claims every month.

Anonymous said...

um, are those his lips? or borrowed from the speed freak who did angelina's?
pucker up dude?

Anonymous said...

Could someone please take a pin and pop those giant fish lips?!