The media hiring bubble is a sober affair. Where a decade ago there were boozy lunches suggestive of future expense accounts there are now coffee dates and heartfelt conversation.
Unless you’re Joel Klein.
The former chancellor of New York City schools will receive a $2 million yearly salary and a $1 million signing bonus for the title of senior advisor and board member at News Corp., reports Yahoo. Plus a $1.5 million annual bonus, stock options, and $1,200-a-month car allowance. Working for the city he made $250,000.