Gannett, the owner of USA Today, announced today that it would be freezing employee pension plans. Company blowhard Tara Connell said: “Gannett plans to save $90 million because of the freeze”.

The belt-tightening for employees is a bit shocking, considering Gannett is highly profitable. Also surprising for such a frugal company is the fact that Gannett executives frequently appear on lists of the highest paid executives in America. This list, for example, has CEO Craig Dubow compensated nearly $15 million in one year; the former chairman, Douglas McCorkindale, appears as well with nearly $13 million in pay.