A GateHouse employee who probably doesn't mind the end of 401(k) contributions

Randy Turner reports that new GateHouse Media president Kirk Davis, formerly of the Massachusetts GateHouses, will earn $461,260.80 this year - way more than the guy he replaced at the helm of a company with stock now going for about 7 cents a share. And yet, that's nothing: You should see what the company CEO earns.

Via Dan Kennedy, who writes:

... I think Davis is fundamentally a good guy, and that GateHouse can only benefit from having him run its day-to-day operations. But this is terrible symbolism.

Earlier:
GateHouse stops 401(k) contributions.