Friday, July 8, 2011

Captains of Industry

The Lansing State Journal laid off 19 staff. A few years ago the paper had 24 reporters and now the newsroom has two editors, eight reporters, a columnist, and a multimedia assistant. The LSJ is a Gannett paper that owns 82 papers and shrank its employees by roughly 2 percent. On the other hand, the Gannett CEO took home a $1.75 million bonus last year that was part of 9.4 million total earnings. The Chief operating officer's earnings more than doubled from 2009 to 2010 to $8.2 million including a 1.2 million bonus.
I guess you have to pay a lot to get people to do this dirty work! These are the super rich that the Republican Congress refuses to increase their taxes because they provide us jobs. This is Orwellian double-speak at its worst.

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