Top McClatchy executives could be getting six-figure bonuses “for their efforts towards stabilizing the company’s financial outlook following a period of significant economic turmoil,” according to Editor & Publisher’s review of regulatory filings submitted late Friday.
CEO Gary Pruitt is excluded from eligibility for the $160,000-plus bonuses under the “2010 Senior Executive Retention Bonus Plan.”
Bonuses will be paid to three executives E&P names if the chain’s performance in operating cash flow in 2010 is sufficient to fund a supplemental company contribution to its 401(k) retirement plan, McClatchy said.