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Article: Wall Street Journal CEO, Publisher Get Double-Digit Raises to Staffers' Dismay.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 24, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Paul Colford, Daily News, New York Knight Ridder/Tribune Business News
Mar. 24--It's not Wall Street, just The Wall Street Journal.
But Peter Kann, chairman and CEO of the parent Dow Jones, and his wife, Journal publisher Karen Elliott House, got Wall Street-sized pay hikes last year.
And their double-digit increases -- 58 percent for Kann, to $2.1 million, and 32 percent for House -- came as Kann urged unionized staffers at the paper to approve a belt-tightening contract.
The unionized employees, who overwhelmingly rejected the deal in January, are now highlighting Kann's hefty gains as contract talks resume today.
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