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McClatchy Says Another 1,600 Jobs – 15% Of The Workforce -- To Go And CEO Gary Pruitt Cuts His Salary 15% -- That Pay Cut Should Have Been Closer To The 55% The Guild Suggested
Philip Stone March 11, 2009
Besides the bonus that the McClatchy board says CEO and chairman Gary Pruitt won’t get this year, he still draws a $1.1 million salary which the Guild at his flagship Sacramento Bee suggested should be cut by half, to the $500,000 limit the Obama administration is placing on banking top executive salaries who take government money. Instead, Pruitt gave up just 15% and still earns $935,000.
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