Arthur Sulzberger’s compensation took a hit in 2013

arthur-sulzbergers-compensation-took-hit-2013
Mark Thompson and Arthur Sulzberger, Jr. in October 2013. (AP Photo/Remy de la Mauviniere)
Tweet Share on Facebook Share on Tumblr Print

New York Times chairman and publisher Arthur Sulzberger Jr. made roughly $5.3 million in 2013, including his base salary, stock awards and other compensation, whereas his 2012 earnings package totaled around $6.9 million.

C.E.O. Mark Thompson, meanwhile, made $4.6 million in 2013, which was his first full year with the company. Vice chairman Michael Golden made a little under $2 million, while chief financial officer Jim Follo took in $1.8 million and general counsel Kenneth Richieri $1.3 million.

The figures were disclosed in The New York Times Company's 2014 proxy statement, which was released this afternoon along with its 2013 Annual Report. The company also announced that its annual meeting will take place April 30 at 10 a.m. in New York.

The Times is in the midst of a multi-pronged growth strategy as it strives to reverse 13 consecutive quarters of advertising declines. Niche mobile products are being launched to scale digital circulation and the company is simultaneously pursuing new advertising strategies in the video and native spaces.

MORE ON CAPITAL

ADVERTISEMENT

Last week, Sulzberger and Thompson made an appearance at the Bryant Park Grill, where the family-controlled company's succession plan was discussed.

"The family is united around its ownership and its responsibility to maintaining The New York Times and its journalism and its journalistic integrity," said Sulzberger, who noted that the succession plan "involves some family, it involves Mark, and we have a board member on this committee as well."