Newspaper Giant Gives CEO $32 Million Severance Package After Laying Off 20,000 Workers In Six Years
When Craig Dubow resigned as CEO of the nation’s largest newspaper conglomerate amid health problems last year, he ended a six-year stint that “was, by most accounts, a disaster.” Gannett, the parent company of the USA Today and 80 other American newspapers, had seen its revenue plummet $1.7 billion and its stock price fall 86 percent, from $72 a share to just over $10.
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http://thinkprogress.org/economy/2012/03/19/446914/gannett-layoffs-dubow-severance/?mobile=nc
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