Dolan CEO's pay jumps 35 percent
James Dolan, the CEO of Dolan Media, which operates business newspapers, had his compensation increase by 35 percent in 2009, according to a story in the Minneapolis-St. Paul Business Journal.
The company is also changing its name to The Dolan Co.
Sam Black reports, “Also Tuesday, Dolan Media filed its proxy statement with the U.S. Securities and Exchange Commission, reporting that total compensation to CEO James Dolan increased 35 percent to $1,473,888, up from $1,089,895 in 2008.
“His salary remained at $479,000. The value of his option awards increased to $470,040, up from $420,435; the incentive-plan compensation jumped to $500,076, up from $172,076 a year ago, and all other compensation increased to $24,772, from $18,460.
“Dolan, who is 60, has been CEO since 1992.
Read more here. Dolan Media owns the Long Island Business News, Mississippi Business Journal, the Colorado Springs Business Journal, the Idaho Business Review and the Daily Journal of Commerce in Portland, Ore., among others