Roger Ailes Rewarded For Fox News Bumbling
Ryan Tate · 08/19/08 07:56PMRight in sync with the meltdown of America's subsidized mortgage giants comes still more evidence the nation's vaunted free market is broken: Fox News Channel chief Roger Ailes just took home a $4.5 million performance bonus, bringing his total annual compensation to $20 million. It's true, as Silicon Alley Insider points out, that Fox News retains a wide overall lead over CNN, with 1.5 million viewers per day. But annual bonuses are supposed to reflect performance over the past year, and by that measure this one is a bizarre waste of money.