Bonus Watch '12: First Year Times Op-Ed Contributors

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The New York Times, drawing criticism for running an op-ed by a former Goldman Sachs executive attacking the bank, said the piece was one of thousands of unsolicited submissions it receives weekly. “We got it by e-mail,” New York Times editorial page editor Andrew Rosenthal said in a telephone interview. Smith was paid about $150 for his submission, a typical amount, said a person with direct knowledge of the situation who declined to be identified because the information isn’t public. The newspaper pays varying amounts for its op-eds, except to public figures or politicians, the person said. Wall Street, including Morgan Stanley Chief Executive Officer James Gorman, has faulted the newspaper for publishing an op-ed piece based on the view of one among more than 30,000 Goldman Sachs employees. All the facts that could be checked were checked in Smith’s submission, Rosenthal said. “The purpose of the op-ed page is to air an important position,” Rosenthal said. “We’re saying, ‘This is interesting,’ and by the way, ‘interesting,’ very often means it’ll make you crazy.” [Bloomberg]

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