Wednesday, May 10, 2006

Ridder to get $9.4 million in severance

Knight Ridder chairman and chief executive Tony Ridder (pictured) will get $9.4 million in severance when his company is sold to McClatchy, rather than the $7.28 million previously reported. That's according to Michelle Leder of Footnoted.org, who translated a McClatchy SEC filing, and the San Jose Business Journal. Severance for other top KR execs: Hilary Schneider, $4.5 million; Steven Rossi, $4.4 million; Art Brisbane, $4.4 million and Mary Jean Connors, $4.3 million. [SJ Biz Journal: KR execs to get $30M severance]

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