Pay and Performance
June 17, 2014 at 11:23 am
Reuters takes a skeptical look at the executive compensation at the New York Times Company. It finds it to be high relative to peer companies:
As a percentage of revenue, Times Co's compensation is more generous than at six companies and less generous than at three. But as a percentage of free cash flow, it far outranks every company, in many cases by a long way....The study also looked at relative share price performance. While Times Co's stock price surged 86 percent in 2013, it is still more than 37 percent below where it was at the end of 2006, before the financial crisis hit. For that same period, the Standard & Poor's 500 is up about 36 percent.
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