Good Times, Bad Times
January 05, 2006
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Sorry for the Zeppelin remix -- can't promise it won't happen again.
Looks like the same shenanigans happening all over corporate America are happening in the New York Times corporation. Gawker writes:
"It must suck when your company announces several hundred layoffs over the last few months. It must suck when your company cancels its discount-stock-purchase program. It must suck when your expense accounts are tightened, when hiring freezes are instituted, and when you learn you’ll be getting a smaller bonus than you’d hoped. And it must really suck the most when these things have happened and then you wake up one morning, as New York Times employees did today, to learn from the Observer that your company nevertheless handed out a few million bucks’ worth of stock to a half-dozen or so top corporate managers."The takeaway? Don't expect the Times to give much ink to the skyrocketing disparity between executive profits and grunt salaries and job security... (Gawker)
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