The New York Times (NYSE: NYT) CEO Janet Robinson’s compensation for 2007 would certainly please the company’s naysayers: she received total compensation valued at $2.1 million in 2007, but got no stock options, reducing her pay 38 percent from a year ago, according to calculations by AP and NYT’s SEC filing today.

Her base salary was $1 million, equal to her 2006 salary, and received $1.1 million in non-stock incentive bonuses. She was eligible to receive up to twice her salary if certain targets were met. In 2006, she received $3.5 million in pay, including $1.6 million in stock options.

But her compensation decrease was due to a policy change: the company changed the timing of its awards to February following the year for which they are intended as compensation...Robinson got 650,000 options as compensation for 2007, and also received 65,000 shares of preferred stock. This compensation will be included in the executive’s 2008 totals.