New York Times Execs on Hot Seat
Posted: 5/2/2013 | By: Christine McConville | Boston Herald
NEW YORK — New York Times executives came under pressure over their hefty compensation packages from shareholders yesterday who peppered the corporate brass with questions about belt-tightening and plans to jettison properties such as the Boston Globe.
“What kind of sacrifices have the executives made?” asked William Niederkorn, a former Times reporter, at the 117th annual shareholders meeting. He said he is dismayed to watch the Times’ stock value plummet.