Tuesday, July 27, 2010
When WikiLeaks finishes leaking the classified but less-than-shocking cache of U.S. military documents about the war in Afghanistan, it should get to work on obtaining the detailed paperwork for the secret compensation packages that the old line publishing house behemoths down in New York City pay their fat cat CEOs. Seriously, when is the last time Macmillan disclosed the compensation of John Sargent, or Random House the compensation of Markus Dohle. Even, Simon & Schuster, which is a division of the publicly-held CBS Corp., does not disclose the compensation of Carolyn Reidy. Do you think Big Publishing pays Senator Chuck Schumer (D-NY) to ensure that Congress does not pass legislation requiring these companies to disclose executive compensation? Yeah, me too.