Thursday, July 26, 2012

Mary Junck, Stackin' Up that Paper

Posted By on Thu, Jul 26, 2012 at 12:44 PM

Mary Junck: Mo' money, mo' money, mo' money.
  • Mary Junck: Mo' money, mo' money, mo' money.
Lee Enterprises disclosed yesterday that CEO Mary Junck acquired 500,000 shares of company stock. That stock was worth $1.31 per share at the close of business on the date the paperwork was filed, but Junck paid nothing for it.

Junck received the stock as a "Grant by the Issuer's independent Executive Compensation Committee (ECC) of non-incentive restricted shares of common stock pursuant to Issuer's 1990 Long Term Incentive Plan," according to the footnote on the company's paperwork.

This marks the second time this year that Junck has received a bonus from the company. She was gifted $500,000 in March for leading the company into and out of bankruptcy. Yesterday's bonus totals out to a cash value of $655,000, which is a pretty good take for a Wednesday.

But according to the NYSE, that stock is currently worth $1.30, which means Junck just lost $5,000. Is she ever gonna catch a break?

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