The Numbers Game

Tuesday's Media Log post --  "Labor Pains at the Globe" -- contains a number that has been a bit of a bone of contention. A Feb. 7 letter written by the Guild to Globe publisher Richard Gilman complaining about company labor practices cites a bonus of $1.55 million that the publisher received in shares and stock options -- a number published in a February 2006 Boston Magazine story on the Globe.

Globe spokesman Al Larkin responded by saying that what was characterized as a bonus is "actually part of an executive compensation plan" and he put the actual compensation figure at about one third of the $1.55 million cited.

So here, in an attempt to shed some light on the dispute, is the relevant SEC filing. You may want an accountant standing by.

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