NY Times Chief Pumping $2 Million Into Employee Bonuses To Increase Morale...

NY Post TIM ARANGO September 15, 2006 at 09:18 AM

In a move aimed at boosting morale within the New York Times newsroom, Chairman Arthur "Pinch" Sulzberger Jr. and his cousin, Vice Chairman Michael Golden, will forgo about $2 million in stock and pump it into a bonus pool for employees.

The move comes as Sulzberger's leadership has come under increasing attack from employees and Wall Street, as the company fights to keep readers and advertisers from fleeing to the Internet.

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