Forum for former BBC staff - New Job for Thompson

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New Job for Thompson (Read 4233 times)

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New Job for Thompson
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.”

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Howard G Junior Member Offline Posts: 73	Re: New Job for Thompson Reply #1 - Aug 15^th, 2012, 6:57am He will probaly relocate them to Alaska before the year is out!
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Mikej Full Member Offline Posts: 230	Re: New Job for Thompson Reply #2 - 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
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Re: New Job for Thompson
Reply #3 - 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.ht...

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