Thursday, May 11, 2006

Guild chief calls KR severance 'startling'

Guild President Linda Foley, whose union has been battling Knight Ridder over pay and benefits, told the NY Post that the $29.9 million top KR executives will get in severance pay is "pretty startling." As reported here yesterday, Ridder will collect nearly $10 million in severance. San Jose-based KR goes out of business on July 1 when it turns over its assets to McClatchy Co. [Merc says $57 million will be paid to top KR execs]

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