Article: MIN EXCLUSIVE--MEDIA EXECUTIVES' 1998-VERSUS-1997 COMPENSATION: RDA'S RYDER IS A $9M "BONUS BABY," BUT CEOS ARE ROBBER BARONS NO MORE...

It is nearly a year (April 28, 1998) since Tom Ryder took the chairman/ceo reins of the then-moribund Reader's Digest Association [RDA], and the ex-American Express Publishing Corp. president's threephase retooling has been well-documented (min, August 3, 1998, et seq.). Not given much attention, though, is the personal stake that Ryder has in RDA's success. A highlight from our review of 28 broadcasting/cable/magazine/newspaper/Internet companies' fiscal-1998 proxies (pages 4 and 5) is Ryder's 358,000 shares of restricted RDA stock that he was given at his hiring. At the time, they were worth the listed $9.219 million in the proxy, or $25.75 per share. With RDA ...

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