In the latest development in the Ochs-Sulzberger family's ongoing campaign against nepotism, an opinion column in today's New York Times declares Clarence and Virginia Thomas as the "most egregious Nepo couple." Nepo is short for nepotism. This is really something—a newspaper whose publisher is a fifth-generation member of the family whose trust controls it, denouncing for nepotism, of all people, Clarence Thomas—who lived as a child in a one-room shack in Pin Point, Georgia, with a dirt floor and no plumbing.
From the 2022 New York Times Company proxy statement:
Certain Members of the Ochs-Sulzberger Family Employed by the Company during our 2021 Fiscal Year. A.G. Sulzberger was employed as Chairman and Publisher of The New York Times during 2021. See "Compensation of Executive Officers" for a description of his compensation. [That section indicates A.G. Sulzberger was paid $8,112,955 for his work in 2019, 2020, and 2021. New York Times Company stock was down 32.66 percent in 2022, destroying about $2.74 billion in value for shareholders.] David Perpich, who was employed as head of the Company's standalone products group in 2021, was paid $924,698 in 2021 and received a grant under the 2021-2023 long-term performance award program with a target value of $200,000. James Dryfoos, who was employed as executive director, technology compliance, was paid $290,408 in 2021 and received time-vested restricted stock units with a grant date fair value of $5,700. Pamela Dryfoos, who was employed as executive director of finance for the Company's standalone products group, was paid $286,080 in 2021 and received time-vested restricted stock units with a grant date fair value of $5,700. Mr. Dryfoos, Ms. Dryfoos, Mr. Perpich and Mr. Sulzberger are all fifth-generation members of the Ochs-Sulzberger family.
 (Image source: Steve Petteway, Collection of the Supreme Court of the United States via Wikimedia Commons) |