Career Calling

January 4, 2012

Pushing Money to the Top at the NY Times

Filed under: Economics — claycerny @ 4:18 am
Tags: , , , ,

Conventional Wisdom tells us that the New York Times is a liberal newspaper.  The paper’s union employees would probably not agree.  According to Mike Elk, who blogs about working at In These Times, the paper is giving its former CEO Janet Robinson a $15 million severance package while freezing contributions to union employees’ pension plans and cutting their pay.  The employees have sent a letter expressing their outrage to management.  Given corporate America’s recent actions, I hope the employees aren’t expecting a positive response.  When employees at United Airlines sacrificed during a bankruptcy, executives took bonuses when the company became profitable again.  Why should we expect anything different from the Times?

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