Pulse: Chatter: They’re So Paid

That Inquirer/Daily News honcho Brian Tierney pocketed a big raise just two months before his papers filed for bankruptcy got us wondering which media exec is more overpaid: Tierney, or WHYY president and CEO Bill Marrazzo. (For the record: Tierney cut his salary after being outed. Ball’s in your court, Bill.) Leave your comments below and let us know what you think.
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Executive: Brian Tierney (Inquirer/Daily News)
Compensation: $850,000*
Increase Over Previous Year: 38%
Recent Company Performance: Racked up $395 million in debt; filed for Chapter 11 in February.
What It Takes To Pay Salary: All the money from sales of one Sunday’s worth of papers.
Weaselly Explanation: Took raise because he’d been doing two jobs for past couple of years.

Executive: Bill Marrazzo (WHYY)
Compensation: $740,090**
Increase Over Previous Year: 14%
Recent Company Performance: Fell $200,000 short of its $1 million goal in December fund drive.
What It Takes To Pay Salary: All the money from one on-air beg-athon.
Weaselly Explanation: It’s the board’s fault: "They designed the package. I didn’t."

*Salary as of 12/31/08.

**Total compensation for year ending 6/30/07, the most recent info available.

 

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