Editor & Publisher's Fitz of Fitz & Jen takes a closer look at Lee's freeze on executive salaries.
The blog says CEO Mary Junck's 2008 salary was $850,000, but total compensation in 2008 was $2,543,453. That's 32.9 percent less than her compensation in 2007: $3,791,282.
Simply Hired says the average salary of Lee jobs, which range from an editor to an intern, is $26,000.
Thursday, January 29, 2009
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2 comments:
Not only is Junck not getting her undeserved bonus the Lee peons aren't getting raises. Today we were told that they suspended the 401k matching and their is a wage freeze for the rest of the year.
$2.5 mil = 1/6 of the total market cap of the company.
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