Which gives us an opportunity to look at the salary of Lee's leaders. According to the company's proxy statement released in January:
| Name | 2009 salary | 2009 compensation | 2008 salary | 2008 compensation |
|---|---|---|---|---|
| CEO Mary E. Junck | $833,654 | $882,454 | $850,000 | $1,089,506 |
| CFO Carl G. Schmidt | $472,731 | $612,831 | $482,000 | $681,492 |
| VP Greg R. Veon | $354,058 | $381,337 | $361,000 | $487,315 |
| VP Kevin D. Mowbray | $328,558 | $353,328 | $335,000 | $452,383 |
| VP Vytenis P. Kuraitis | $262,846 | $283,413 | $268,000 | $370,266 |
Salaries for each executive decreased by 1.92 percent -- or approximately a one-week unpaid furlough. Total compensation includes bonuses, stock awards and retirement account contributions; fewer of those were awarded. From 2007 to 2008, each executive's salary increased by more than 3 percent.
If Junck followed the salary guidelines and furloughs the union will vote on:
| 6 percent pay cut | Furlough | Snap-back | Annual salary | |
|---|---|---|---|---|
| 2010 | $799,000 | $16,346.15 | $782,653.85 | |
| 2011 | $799,000 | $16,346.15 | $782,653.85 | |
| 2012 | $799,000 | $16,346.15 | $782,653.85 | |
| 2013 | $799,000 | $19,975 | $818,975 | |
| 2014 | $799,000 | $40,948.75 | $839,948.75 | |
| 2015 | $799,000 | $62,996.16 | $861,996.16 |
If Mowbray, who in addition to being a vice president of publishing is also the publisher of the St. Louis Post-Dispatch, followed the same salary reduction and furlough schedule:
| 6 percent pay cut | Furlough | Snap-back | Annual salary | |
|---|---|---|---|---|
| 2010 | $314,900 | $6,442.31 | $308,457.69 | |
| 2011 | $314,900 | $6,442.31 | $308,457.69 | |
| 2012 | $314,900 | $6,442.31 | $308,457.69 | |
| 2013 | $314,900 | $7,872.50 | $322,772.50 | |
| 2014 | $314,900 | $16,138.62 | $331,038.62 | |
| 2015 | $314,900 | $24,827.90 | $339,727.90 |
From 2008 to 2015, Junck's and Mowbray's salaries would have increased by 1.41 percent (assuming, of course, that there were no bonuses or other additional compensation).
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