Wonder where the money came from?
I’m sure the Journal Sentinel employees that lost their jobs don’t mind reading this:
Journal CEO’s compensation increases
Total compensation increased almost 22% last year for Journal Communications Inc. chairman and chief executive Steven J. Smith, according to a regulatory filing by the company Thursday.
Smith earned no bonus, but his salary rose 3.7% to $798,077. He received stock awards worth $1,672 and option awards valued at $397,003, a proxy statement for the Milwaukee-based media company and publisher of the Journal Sentinel said. The biggest change in compensation was in the value of Smith’s retirement benefits, which grew to $233,110, compared with $74,782 in 2007…