Wednesday, August 20, 2008

How much was your raise?

Sadly, the news of Mary Junck's raise escaped me when it was "announced" last month. Blogger Alan Mutter and the Motley Fool caught it, though:

Lee Enterprises' (NYSE: LEE) CEO Mary Junck gained a 17.8% increase to her pay, to about $3.4 million, even though Lee's stock price was chopped in half during the year.

Something to keep in mind as Lee cuts jobs and closes papers.

Lee's stock is now worth less than $4. Slightly more than a gallon of gas. About the price of a meal at McDonald's. Or a cup of coffee at Starbucks (if you still have one in your neighborhood).

1 comment:

Anonymous said...

that is f'dup I worked for Lee for two years and never got a raise.