Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> News and Comment >> New Job for Thompson http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1344980843 Message started by Administrator on Aug 14^th, 2012, 9:48pm

Title: New Job for Thompson
Post by Administrator on Aug 14^th, 2012, 9:48pm

The New York Times Company announced today that BBC Director-General Mark Thompson will become its next president and CEO. He will also become a member of the Company’s Board of Directors.

He is relocating to New York and is expected to start his new role in November.
“Mark is a gifted executive with strong credentials whose leadership at the BBC helped it to extend its trusted brand identity into new digital products and services,” said Mr. Sulzberger. “Our board concluded that Mark’s experience and his accomplishments at the BBC made him the ideal candidate to lead the Times Company at this moment in time when we are highly focused on growing our business through digital and global expansion.”

Admin

Title: Re: New Job for Thompson
Post by HMG on Aug 15^th, 2012, 6:57am

He will probaly relocate them to Alaska before the year is out!

Title: Re: New Job for Thompson
Post by Mikej on Aug 16^th, 2012, 12:28pm

More here from The Guardian:-

http://www.guardian.co.uk/media/2012/aug/15/mark-thompson-new-york-times-bbc

Mike

Title: Re: New Job for Thompson
Post by Administrator on Aug 18^th, 2012, 9:18am

According to "The Daily Telegraph" here,

"His joining package and first year’s pay could be worth up to $10.5m (£6.7m), according to a filing with the US Secutities and Exchange Commission.

The Oxford-educated 55-year old will receive a basic salary of $1m, roughly comparable with his BBC pay, as well as up to $2m in annual incentives and $3m in long-term incentives due to pay out in 2015.

In addition, he will receive between $3m and $4.5m-worth of shares as a so-called golden hello for joining the company.

Mr Thompson is unlikely to take home the full $10.5m but can count on around $5m a year, sources claimed.

US Securities and Exchange Commission:-

http://www.sec.gov/Archives/edgar/data/71691/000119312512359951/d399187dex101.htm