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Daily Archives: December 3, 2014

bigpay

Never mind: Microsoft shareholders approve $84 million CEO pay (Associated Press)
Earlier: Microsoft shareholders approve $84 billion CEO pay (cached story)

Update: “Billion vs. million error by AP was corrected yesterday/pointed out by @romenesko but still made my morning newspaper [the Republican-American],” tweets Matt DeRienzo. (@mattderienzo)
bigpay1

– h/t Scott B. Anderson

The head of Cannell Capital hedge fund wants Jim Cramer to consider two options: quit CNBC and focus on TheStreet.com at significantly reduced pay; or sell the 18-year-old financial news website.

J. Carlo Cannell writes:

You have already extracted more than $14 million dollars from TST. Think about your legacy.cramer In the very best years for the shareholders of Apple Inc., Steve Jobs was paid only $1.00 per year. Warren Buffet’s salary has been $100,000 for more than 25 years. Why in the very worst years for TST shareholders must you pay yourself more than $3.5 million per year? …

In addition, you have enjoyed considerable non-pecuniary compensation such as perfumed sedan driver(s) and assorted assistants who spray ionized lavender water on your barren cranium.

Cannell asks the 59-year-old Cramer: “When you lie upon your deathbed, how will you reflect upon on your legacy? Once a $70 stock, TST is now $2.20. You have done well, but how has the common shareholder done?” Not well.

The letter is after the jump. Read More

Gannett recruiter Antje Spethmann sent this to Richard C. Arthur on Tuesday:

Dear Rick,

Good afternoon, I found your profile on LinkedIn while searching for an editor to fill one of our Content Strategist roles. We have openings for a newsroom leader – essentially managing editor – at The Asbury Park Press, The Cincinnati Enquirer, The Des Moines Register, The Springfield News-Leader and The Salem Statesman-Journal.

Antje Spethmann

Antje Spethmann

As part of our “Newsroom of the Future,” we have organized ourselves to keep pace with news consumption, become a digital-first news institution, and let our reporters own and drive their coverage.

As such, leadership positions are more coaching and strategy oriented.

In Salem, Asbury Park and Cincinnati, we are looking for investigative/watchdog/accountability coaches to guide reporters during and after the creation of content. Needless to say, this person has to live the Fourth Estate./CONTINUES Read More

David Wallis interviewed The Marshall Project editor-in-chief Bill Keller for this week’s New York Observer. Here are a few quotes from the ex-New York Times executive editor:

images-1* One piece of advice [for new editors] is to try and bring out the best in the reporter and let the reporter get the credit and have the reporter do the work. You know making stories better is great, but making reporters better is much more enjoyable.

* One thing that made me defensive [as executive editor] was the notion that The New York Times was this citadel of liberal activism—the whole notion of trying to be impartial was a fraud or a façade.

* I’ve never punched a hole in the wall. I’m famously Zen. I mean I compartmentalize well — or so I was told once by a shrink.

Not all of Wallis’ interview made the Observer. He sends these unpublished questions and answers:

Have you ever had a brush with the law? Did Bill Keller ever tip a cow at Pomona [College]?
I’ve never had a brush with American law. I had an occasional brush with Soviet law, largely by virtue of going places that were supposed to be off limits to foreign reporters. I got called in and got a finger waved at me.

President Obama recently made history, signing an executive order which profoundly changes this country. What is the next executive order you would encourage him to make regarding the criminal justice system?
My heart goes out to the people who can now all come out from the shadow of fear and live their lives, but I think we want to be a little wary of executives using or stretching the limits of their power. But you know, there’s probably a bunch more that Obama could have done. Starting with attempting to get more money put into the system to lighten the loads of prosecutors so they can make good decisions of who’s good to prosecute and who’s not, instead of making decisions on the fly by plea bargain. . . .Most of the criminal justice system is the 50 states’ systems, followed by the innumerable county and urban systems. So what the federal government does, and what the president has authority over, is a relatively limited slice of it. Where he does have a slice of it, he can A) do more, and B) lead by example. I think he probably could have done more with clemency powers that he has available to him./CONTINUES Read More

mitchell

Letter to Romenesko
From DAN MITCHELL: Why are so many news organizations reliably publishing garbage on Facebook and Twitter? When it’s not sub-literate or full of typos (like this example [above]), it’s silly and inane, like the drivel pumped out by Mother Jones, Slate, and many others.

From what I’ve been able to tell, news managers tend to put interns and junior staffers – people with little or no journalism experience – in charge of social media and let them go hog wild with little or no supervision or editing. When are these managers going to realize that social media is now their most public-facing venue? Would they put inexperienced kids in charge of front pages, homepages, or magazine covers?

Care to respond to Mitchell? Post in Comments or send me an email and I’ll post for you.

New: Comments from my Facebook friends and subscribers


* Dallas restaurants vs. Dallas Morning News critic Leslie Brenner. (washingtonpost.com)
* NBC’s Dr. Nancy Snyderman apologizes for violating her Ebola quarantine. “Good people can make mistakes,” she says. (cnn.com)
* Labor reporter Steven Greenhouse, who has been with the New York Times for 31 years, takes the buyout. (laobserved.com) | “Say it ain’t so! We’re losing invaluable voice on workers’ issues at a critical time. No one probed labor with keener insight.” (@patrickgaspard)
* Another big NYT loss: Advertising columnist Stuart Elliott says he’s “taking part in the (generous) buyout.” (@jeremymbarr) | “Mad Ave without @stuartenyt is as hard to imagine as, say, NYT without @stuartenyt.” (@davidjoachim)
* Poynter’s paper loses another veteran: “After 750 food sections (yes, I double-checked my math), I will be stepping down as food editor of the Tampa Bay Times at the end of December to join the faculty of the University of South Florida St. Petersburg as a visiting professor,” writes Janet Krietemeyer Keeler. (facebook.com/friends-only setting)post2
* [RIGHT] New York Post’s thinking. (@nycjim)
* Vice Media eyes “distressed media asset” HLN. (mediabistro.com)
* Jill Abramson investigates pedestrian traffic deaths. (capitalnewyork.com)
* NPR warns about $5 words – esoteric and ubiquitous, for example. (npr.org)
* A Ferguson exhibit is coming to the Newseum. (washingtonpost.com)
* Philadelphia magazine’s Victor Fiorillo launches a $10,000 Kickstarter campaign for his play, “The Bill Cosby Assault.” (kickstarter.com)
* Pierre Omidyar and The Unmanageables. (Not a rock-and-roll band.) (vanityfair.com)
* The Medill Medal for Courage has been renamed the James Foley Medill Medal for Courage. (dailynorthwestern.com)
* Was longtime Reuters reporter Pascal Fletcher booted for asking tough questions of the boss? (thebaron.info)
* Faces of the Philadelphia Inquirer buyout. (facebook.com)
* Former Page Six writer Paula Froelich, who now runs Yahoo Travel, says “I feel like Cinderella.” (capitalnewyork.com)
* CJR: Be extra careful when reporting on rape. (cjr.org)
* “Black intersection”: Unfortunate Knoxville News Sentinel typo. (facebook.com)
* Jeff Bezos wants the Washington Post to be “a national and even global publication.” (nytimes.com)
* Quartz and other homepage believers. (digiday.com)
* Wanted: A journalism professor (one or two year position), and a radio news director. (Romenesko Jobs)