Washington Post CEO’s Pay Dropped by About Half in 2009

dgraham03252010.jpgDonald Graham, CEO of the Washington Post Co., which publishes the eponymous newspaper as well as online magazine Slate and news weekly Newsweek, saw his pay chopped roughly in half from 2008 to 2009.

Graham took home a total compensation package of $412,740 in 2009 — a 49% decrease from his 2008 earnings of $811,960 the year before. He forwent a bonus in 2009, a year marked by declining revenue and staff reductions.

Graham’s declining pay stands in marked contrast with that of New York Times Chairman Arthur Sulzberger, Jr., and CEO Janet Robinson, whose pay increased dramatically from 2008 to 2009 (Sulzberger’s pay nearly doubled). During 2009, the Times swung to a $19.9-million profit from a $57.8-million loss in 2008.

In 2009, the Washington Post Co.’s profit rose to $91.2 million, compared with a profit of $65.8 million in 2008.