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April 1, 2008

Gannett Watch for 4-2-08

Ain’t it a shame, folks: In its most recent proxy report to shareholders, released last month, Gannett announced it would no longer be paying country club membership fees for its top executives. As if that doesn’t sting enough, it’s also pulling its scratch out of home security systems for everyone but CEO Craig Dubow, who probably needs one, him being the helmsman of the most egregious affront to American journalism this millennia and all.Dubow took home about $7.5 million last year in base salary, stock options and bonuses, according to the report. We suppose he deserves it: He oversaw a drop of his company’s stock of about 50 percent over the same period.That’s solid work.