In contrast to senior executives at the NYTCo (NYSE: NYT) and Gannett (NYSE: GCI), who took home more money in ‘09 than the year before, Washington Post Co. (NYSE: WPO) chairman and CEO Donald Graham saw his compensation cut nearly in half last year. Graham’s total ‘09 compensation was $472,997, a 41 percent drop from $811,960 the year before, according to an SEC filing. The executive’s base salary of $400,000 has remained the same year in, year out since he took the CEO post in 1991. Graham was granted $72,387 in retirement benefits this past year. The big difference between last year and the one before was that in ‘08, Graham took in another $400,000 tied to performance-based pay, as well as $11,960 in 401(k) retirement contributions. That said, in another sign of restraint, Graham has not accepted grants of restricted stock in the company since 2004.
The publisher of WaPo newspaper Katherine Weymouth had a slightly better 2009 than her uncle: she was paid $500K in base salary and received a bonus of $33,263 based on the achievement of pre-established 2008 performance goals. Effective April 1, 2010, Weymouth’s base salary is being upped to $550,000 and she received a bonus of $462,630 based on “the achievement of pre-established 2009 performance goals.”
Meanwhile, still keeping it in the Graham family, Laura Graham, the daughter of Don Graham, was hired in October 2009 and is employed full time as the Director of Product Development at Slate; she was was paid $30,000 in 2009 and her base salary for 2010 is $130,000.