NYT's Sulzberger Paid $2.35M in 2004

By: (AP) Arthur Sulzberger Jr., chairman of The New York Times Co. and publisher of the company's flagship newspaper, received $2.35 million in compensation from the company last year, up from $1.74 million a year earlier, according to a regulatory filing made Friday.

Sulzberger's salary increased to $1.02 million from $995,000 a year earlier, while his bonus rose to $894,694 from $743,265 a year earlier. He also received $433,840 in restricted stock awards in 2004, versus none in 2003.

In addition to his total compensation, Sulzberger also received options to buy 59,000 shares of company stock 2004, and in 2003 received options to buy 90,000 shares.

Janet Robinson, who took over as CEO at the end of 2004, was paid $1.69 million last year, when she was executive vice president and chief operating officer. Russell Lewis, who retired as CEO at the end of last year, was paid $2.35 million last year.