The Numbers Game

Published Feb 24 2006, 05:26 PM by webteam

Tuesday's Media Log post -- "Labor Pains at the Globe" -- contains a number that has been a bit of a bone of contention. A Feb. 7 letter written by the Guild to Globe publisher Richard Gilman complaining about company labor practices cites a bonus of $1.55 million that the publisher received in shares and stock options -- a number published in a February 2006 Boston Magazine story on the Globe.

Globe spokesman Al Larkin responded by saying that what was characterized as a bonus is "actually part of an executive compensation plan" and he put the actual compensation figure at about one third of the $1.55 million cited.

So here, in an attempt to shed some light on the dispute, is the relevant SEC filing. You may want an accountant standing by.

Three's Company, Too

One for the AP

2 Comments

Joe Reporter said:

Boston Magazine's estimate seems reasonable. A more conservative estimate might be around $1.1 million -- but not $500K. $500K is way too low. And, last I checked, bonuses often are an important form of compensation plans.

February 25, 2006 5:26 AM
Still here said:

I would be nervous just because he was represented by "Solomon Watson IV".

February 25, 2006 6:46 PM

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The Numbers Game

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Joe Reporter said:

Still here said:

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