McClatchy Upgrades CEO’s Monthly Stipend Amid Staffer Buyouts

CJR: On Friday morning, McClatchy CEO Craig Forman emailed employees to let them know 450 staffers across the enterprise, all aged 55 and over, would be offered early retirement. In 2017, Forman’s take-home pay from McClatchy was $1.7 million. His newest contract with the company, dated January 25, 2019, includes an additional $35,000 monthly stipend.