Stock bonuses for Dow Jones executives
Dow Jones & Co. awarded its CEO a bonus of nearly $900,000 in shares, and awarded the publisher of The Wall Street Journal a bonus of nearly $500,000 in shares, according to a Reuters story.
The story stated, “Chief Executive Rich Zannino got the rights to 22,788 shares, worth $892,834, in 2006, Dow Jones said in a filing with the U.S. Securities and Exchange Commission on Tuesday.
“Dow Jones awarded Journal publisher Gordon Crovitz 12,694 shares worth $497,351.
“Former Journal publisher Karen Elliott House received shares worth $458,523. Journal Managing Editor Paul Steiger received shares worth $322,177.”
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[…] Philip Stone writes on the Follow the Media web site that the news earlier this week that Dow Jones had given bonuses in the form of stock options to its top executives, as well as the publisher and managing editor of The Wall Street Journal, seems stupid? […]