New York Times to welcome new CEO Monday
Incoming CEO Mark Thompson is scheduled to start work on Monday. Thompson "missed opportunities" to address a sex abuse scandal while he was director general of the BBC, the paper has reported. Joe Hagan has written "one senior executive I spoke with wished Thompson would voluntarily decide not to take the job.” Publisher and Times Co. chairman Arthur Sulzberger Jr. has expressed support for Thompson.
The contract provides for no retroactive pay raise, but gives a one-time "bonus" next March equal to 3 percent of annual salary. The final three years call for only 2 percent annual pay hikes — half what the union initially sought.