MNI » Topics » Perquisites and Other Personal Benefits

This excerpt taken from the MNI DEF 14A filed Mar 30, 2007.

Perquisites and Other Personal Benefits


McClatchy provides the NEOs perquisites that the Compensation Committee believes are reasonably consistent with its overall compensation program and are attractive components of the total pay package in hiring and retaining executives in key positions. Currently, McClatchy pays club membership fees for the NEOs. In addition, they participate in a company car program, are eligible for voluntary financial planning assistance and are eligible for voluntary company-paid annual physicals. In 2006, we determined that in 2008 the company car program and club membership program will be terminated. The Compensation Committee will continue to review other perquisites for their appropriateness in light of industry and general economic trends. The table below shows the car and club membership perquisites received by each of the NEOs during 2006:


"Perquisites and Other Personal Benefits" elsewhere:

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