Tuesday, May 10, 2011

Union Wants Same Raise As WaPo Publisher

Business Week photo
Union leaders representing newsroom and other employees at The Washington Post want the same 16.4% pay raise that Publisher Katharine Weymouth received this year, according to a message to rank-and-file members that also criticized management contract demands regarding holidays and salary issues, report Joe Strupp in a story at mediamatters.org.

The salary request occurred during this week's first round of contract negotiations. The Guild's current contract with the Post expires on June 7, 2011.

In a bulletin to members issued late Thursday, the Washington Baltimore Newspaper Guild Local 32035 declared: "After at least three years of doing much more with less, the Guild is asking for a 16.4 percent across-the-board pay increase  -- exactly the amount given to the Post's publisher this year."

A March SEC filing by the Post revealed the 16.4% pay hike for Weymouth, who has been publisher since 2008. It also stated that Weymouth received a substantial performance bonus last year:

In 2010, Ms. Weymouth was paid $537,000 in base salary and received a bonus of $483,750 based on the achievement of pre-established 2010 performance goals. In addition, Ms. Weymouth received $1,053,441 based on achieving pre-established goals under the WP Media Three-Year Long-Term Incentive Plan and a payment of $72,000 for her 2,400 vested Performance Units in the 2007-2010 Award Cycle.. Effective April 1, 2011, Ms. Weymouth's base salary will increase to $625,000.
Read More.

No comments:

Post a Comment