Thursday, July 03, 2008
Save Our Trade: How Can Partners fire Partners?
In light of the news that another 250 Los Angeles Times employees, (Aka Sam Zell Partners) will be leaving, as announced by Publisher David Hiller and Editor Russ Stanton, I decided to post the responses we have generated thusfar from Survey question #3. .
Do you think it is right for Sam Zell to lay off partner/employees when he borrowed against their retirement by creating an ESOP to purchase Tribune?
Click on the link below to read the results
Save Our Trade: How Can Partners fire Partners?
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3 comments:
What's the alternative, not reduce workforce and have the whole ship sink and everybody lose everything?
Buyouts should take care of many of them. The remainder of the cost cutting should be through graduated pay cuts. Those making over $100K 15%, under $100K married with children, spouse not working 0%, married with children and spouse working 5%, single with a live in working lover 20%, single with a live-in lover not working 15%, etc. You get the picture - whatever it takes.
In an earlier post, it was stated that non-union workers were given a 5% raise this year. It this is true, I would fire the moron that came up with the idea of a raise during these economic conditions. Talk about short sited. No wonder The Times is so screwed up. It is as bad as giving supervisors and above, bonuses during years of lay-offs, and, this has been done in the past.
Have a safe and sane Independence Day.
eddo said...
"...Have a safe and sane Independence Day."
You too, eddo, have a safe Independence Day.
A sane one, however, is obviously not a possibility.
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