The title is aggressively misleading:
> According to Segal, this stipend will be used to pay for Forman’s travel, housing, office, and security expenses.
It is probably still a lot of money for that, but it goes beyond just housing.
> According to Segal, this stipend will be used to pay for Forman’s travel, housing, office, and security expenses.
It is probably still a lot of money for that, but it goes beyond just housing.
>It is probably still a lot of money for that, but it goes beyond just housing.
That’s good that the company is picking up all of his major expenses. After all, I don’t know how anyone is expected to live on just $2 million a year plus stock.
I'm OK with him making that kind of scratch if McClatchy was doing great journalism, making great returns for its stockholders, and being a good corporate citizen in the cities where it has newspapers. But it isn't.
The CEO shouldn't be rewarded handsomely for being bad at his job.
$35k x 12 = $420k