Not Waiting For The Asteroid – small dead animals

17 Replies to “Not Waiting For The Asteroid”

I love that the $$$ of the pay cuts exactly matches the $$$ of the bonuses. Geez, the NTY aren’t even smart enough to fudge those numbers to look less alike in case they ever get revealed.
The NYT will be closed down in 5 years. I believe that with all my heart. Anybody else?

In 5 years ?
Newspapers have been closed in my world for 20 years already !!

I think I smell a federal bailout coming on!
Oh, wait, that’s my daughter needing to be changed.

I really think the Boston Newspaper Guilds and New York Newspaper Guild should go on strike.
Strike, Strike, Strike!
Get mad as hail and don’t take it any more.
STRIKE!

Oz…would anyone notice?

They are only Castro peso stock options. What the unions don’t understand is that if he and his flunky didn’t pig out on stock options, all the smart people on Wall street who think the stock MIGHT be worthless would be CERTAIN it is worthless. It’s just a bluff.

Leftists eat their own kind, eventually.

Typical, the people who do the actual WORK are expected to take less, while the elites at the top give themselves hefty raises.
Doesn’t matter whether it’s union or non-union,the same mentality applies.Good managers are even harder to find than good workers.
I worked for a non-union company back in the 1980’s, in a very competitive industry. We tradesmen were always told that we had to “hold the line” on wage demands because competition was so tight.
One Spring the entire management team went on a “research” trip to Europe for two weeks. One manager later told us it was one big drunk, and all the guys had AIDS tests when they got back home.
No new business was forthcoming from that business trip, and the company quietly foundered and declared bankruptcy that Fall.

Kathy Shaidle said: “The NYT will be closed down in 5 years.”
A) Five years? More like this year. The Sultzburgers are looting the corpse Kathy. This thing is already dead, it just hasn’t started to stink yet. I’ll be amazed if it lasts five years.
Maybe Barry will Naz… er I mean nationalize it. America’s answer to Pravda, as it were.
B) Will anyone notice its gone? Aside from Frank Rich o’course. I mean where the hell is he going to get a job, right?

Kathy, I really hope your 5 yr. prediction about the NYT is correct.
That’s tied to my other hope that Comrade Pres. Obama & Co. don’t come to the financial rescue of the Times, et. al. I don’t see “progressive-ville” letting such an important piece of their Ministry of Propaganda go down the drain without a mighty fight and throwing as much of our tax dollars at them as they can get away with.

They’re upset about $10 million?
I really have no idea of how much money that is, but it’s mathematically insignificant compared to the Billion or more that CBC takes from the taxpayer.
I do hope Kathy is right about the 5 years. The trees deserve better.

Dave in Pa
Kathy, I really hope your 5 yr. prediction about the NYT is correct.
[….That’s tied to my other hope that Comrade Pres. Obama & Co. don’t come to the financial rescue of the Times, et. al. I don’t see “progressive-ville” letting such an important piece of their Ministry of Propaganda go down the drain without a mighty fight and throwing as much of our tax dollars at them as they can get away with.]
That’s a better prediction—the bailout—-than any weather forcast…..better that they bump along for another year or two.

Posted by: The Phantom at March 28, 2010 2:19 PM
It already is America’s Pravda. So long as a D is sitting in the Oval of course.

A Mexican now de facto owns the NYT, and as the world’s wealthiest man, he has very deep pockets.
http://www.nytimes.com/2009/01/20/business/media/20times.html

Sgt Lejuene nails it.
The majority of the compensation is stock options, people. These are rights to buy the stock at a predetermined price at a later date, usually 2-5 years in the future. The idea is that if the managers do a good job, the stock price goes up, and their options become valuable. If the stock price goes down, the options become worthless. Ask any of your friends who used to work for Nortel what their options were worth; most were useless.
NYT stock was around $50 a few years ago; it hit a low of just under $5 earlier this year, and has rebounded to about $11, but that’s just a bump up in a long decline. Two years from now, when those options vest, I’ll bet they’re worth bupkis.
And Sulzburger’s salary of $1 million is not out of line; how much do you think absolute morons like Friedman and Krugman get paid? I wouldn’t be at all surprised if most of the people working the presses are paid somewhere between $70-100k, meaning Punch’s pay is about 12-10x theirs, which is certainly a much lower multiple than the head crooks at Lehman or Goldman Sachs (more than 100x average pay) enjoy.
I still think the paper’s general news coverage blows, but in terms of cash compensation, I don’t think these two are overpaid.