Deadline.com: Martha Stewart Agrees To 10% Pay Cut

Changes are afoot at Blogtrottr! By popular request, we're bringing in paid plans with some cool new features (and more on the way). You can read all about it in our blog post.

Deadline.com

Martha Stewart Agrees To 10% Pay Cut Jul 3rd 2013, 17:46, by THE DEADLINE TEAM An SEC filing today says the compensation changes in Martha Stewart‘s contract are consistent with her company’s plan to return to profitability. Martha Stewart Living Omnimedia has reduced Stewart’s annual pay to $1.8 million as part of an option in a July 2012 agreement that extended her employment as chairman until 2017, according to the filing reported by Bloomberg. The company has struggled with declining advertising sales at its magazines and lower broadcast revenue following the cancellation of The Martha Stewart Show last year. The company also is seeking a permanent CEO. Martha Stewart Living posted a net loss of $3.27 million in the first quarter after losing $56.1 million in 2012.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions