Postmedia paid $1m in bonuses as it slashed jobs

Postmedia Network paid nearly a million dollars in bonuses to executives for their hand in the deal to buy the Sun newspapers, even as the debt-saddled company was slashing costs and jobs across the country.
Canada’s largest newspaper chain paid out a total of $925,000 in discretionary bonuses to its top six executives in the 2015 fiscal year ended in August, according to company documents filed Wednesday.
CEO Paul Godfrey, whose base salary was unchanged at $950,000, received $400,000 in the special payout. He was also the only executive to receive a bonus under the short-term incentive plan.
Read More