Top executives at The Providence Journal’s parent company, A.H. Belo, are getting big pay raises despite a 45 percent decline in the publisher’s stock price during 2011, the fourth straight year it lost money. Providence Guild President John Hill said the four executives “should be ashamed of themselves” for taking more money less than a year after slashing the paper's workforce by one-third. “They told us that the business needed that sacrifice in order to keep going, and it is galling and insulting to turn around and take that money that they saved by sending our people out the door and then put it in their swimming pools and their Lexuses,” Hill said. “They saved money because people here made sacrifices.”
