MarketWatch | Future of Capitalism | All Things D
Janet Robinson had a mixed record as CEO of The New York Times Co., writes MarketWatch’s Jon Friedman: “It could be said that Robinson provided the resources and encouragement to enable the Times to be one of the leading innovators in the media’s digital revolution. At the same time, under Robinson, the Times Co. failed in several attempts at what is known in her industry as ‘monetizing’ the Internet.” The Times’ stock declined 85 percent while Robinson was CEO, writes Future of Capitalism’s Ira Stoll, yet she’ll receive $4.5 million next year through a consulting agreement. “It’s all almost enough to be grist for one of those angry New York Times editorials or business section columns about executives whose outsized pay bears no relation to performance. … Ms. Robinson could perhaps argue that she earned her pay by serving as someone outside the family for the family to blame for the poor performance.” And All Things D’s Peter Kafka writes that the Times story on Robinson’s departure essentially says she was fired “without quite saying that.” || Earlier: Next New York Times CEO could come from the tech sector || Related: Should Gannett CEO Dubow have been rewarded for company’s decline?