Monday, May 26, 2008

More raccoon silliness and a newspaper scrooge


We just arrived home from Buffalo. Another successful trip and a good report on my wife's Dad who is recuperating nicely in a transition care place. The wheelchair ramp is now completed and ready for safer use.

Checking my mail, my friend and frequent visitor and commenter "fast eddie" sent along a picture of his friendly raccoon with an admonishment that raccoons are our friends and we should be kind to them and welcome them to our homes.

Fast Eddy snapped this picture of "Rocky" staring in his window. Rocky, Eddy advises, often brings his whole family to the Fast Eddy home for dinner.

OK, whatever grinds your pepper, eddy.
(Added a few minutes after the post was put online)
Fast Eddy, this from Reflections of a Newsosaur today on the pay of newspaper executives:
"The pay of Robert E. Jelenic, the former CEO of Journal Register Co. (JRC), soared 333.2% to $6.3 million despite a 75.9% plunge in his company’s shares.
Mr. Jelenic is a special case in that his pay envelope was fattened by the $4.9 million severance payment he received last fall when he exited the company he ran for two decades. Since then, JRC has been booted off the New York Stock Exchange and its shares, which traded as high as $18.39 in 2006, now are 24 cents apiece on the Pink Sheet (JRCO.PK).
The company also has warned that it may default this summer on the hefty debt it assumed on Mr. Jelenic’s watch.Mr. Jelenic’s severance payment from JRC, which happens to be equal to 52% of the company’s present $9.2 million market capitalization, was not counted in calculating the average pay of the publishing CEOs, because it inordinately skewed the results. (The full amount of the payment is presented in the graphics below.)"
Don't worry I'm sure in his own way Jelenic feels the pain of the employees he hurt.

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