Media
PR Whoops
WashPo Newsroom Irate Over Exec Pay Bump
4:52 pm, May 9th | by Amy Tennery
Things are getting ugly for the Washington Post’s executive team. After announcing just a few days ago that profits were way down in the first quarter — 66 percent down, to be precise — the paper’s newsroom union is crying foul over publisher Katharine Weymouth’s pay. See, despite her company’s recent jaw-dropping performance decline, Weymouth is getting a 16.4 percent pay increase. Media Matters snatched up the details from the SEC filing:
“In 2010, Ms. Weymouth was paid $537,000 in base salary and received a bonus of $483,750 based on the achievement of pre-established 2010 performance goals. In addition, Ms. Weymouth received $1,053,441 based on achieving pre-established goals under the WP Media Three-Year Long-Term Incentive Plan and a payment of $72,000 for her 2,400 vested Performance Units in the 2007-2010 Award Cycle.. Effective April 1, 2011, Ms. Weymouth’s base salary will increase to $625,000.”
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