American Media’s David Pecker Contract Extenstion

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March 17th, 2008

WHAT’S MORE SHOCKING? THIS RECENT DAVID PEREL NATIONAL ENQUIRER COVER OR…

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David Pecker getting one more year heading up American Media, the company that publishes this CRAP the National Enquirer?

Despite AMI’s financial woes, Pecker gets one more year (at least) with an annual base salary of $1.5 million, a possible annual cash bonus of up to $250,000, as well as country club dues, membership fees and car and driver expenses, according to a stunning report in WWD.

David, can I join you for a round of golf or at least borrow your driver for the weekend?

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John Magnus 17 Mar 2008 / 1:33 pm

He’s hanging around for the sale after squandering borrowed funds on one disaster after another. He gets credit for managing his career if not the company’s stockholders fortunes. In the end, those who suffered the most are the employees who had to put up with his antics.

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