Major Pay Bump for Arthur Sulzberger Jr. at The New York Times

NYT MAKES IT RAIN FOR TOP BRASS: The New York Times Co. revealed that chairman and publisher Arthur Sulzberger Jr. is poised to receive a 28.8 percent increase in total compensation in fiscal 2014, according to a proxy filing with the Securities and Exchange Commission. Sulzberger will net $6.8 million in total compensation when shareholders gather at the company’s annual meeting at The Times Center on May 6 in order to approve key issues including executive pay and the election of board of members. Built into Sulzberger’s pay day is a salary of $1.1 million — what he earned in 2013 — as well as $2 million in stock awards, $2.3 million in non-equity compensation, a $1.3 million pension and $186,405 in other compensation, which includes a reimbursement for relocation expenses. The publisher’s counterpart, president and chief executive officer Mark Thompson, saw his total compensation slip 1.3 percent to $4.5 million, even though his annual salary remained the same at $1 million. Where Thompson lost ground is on non-equity plan compensation, which fell 26.1 percent to $1.5 million. Thompson’s stock awards totaled $2.3 million, while his other compensation more than doubled to $176,257. A reason for the bump was not provided. Another interesting

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