By Kevin McCauley
Janet Robinson, who signed a $4.5M one-year consulting pact with the New York Times Co. upon her Dec. 31 retirement, has agreed to remain low-key about her 28-year tenure at the company.
As outlined in the NYTC proxy statement released March 9, Robinson has agreed to a “two-year non-competition, non-solicitation and non-disparagement covenant, a three-year cooperation covenant and an indefinite confidentiality covenant.”
The retirement and consulting agreement also calls for Robinson’s and the company’s mutual releases.
As consultant, Robinson has agreed to make herself available to consult with the Company regarding matters with which she was involved, or of which she has knowledge, as reasonably requested by the Company, according to the proxy.
In the document, the company praises Robinson’s leadership during challenging years and accomplishments such as development of a digital strategy.
During the past year, Robinson earned a $1M salary and total compensation package of $11.3M, which nearly doubled the $5.9M windfall bestowed on her successor CEO, Arthur Sulzberger.
Fleishman-Hillard last month named Robinson to its international advisory board. |