Categories: OLD Media Moves

Forbes lowers its Christmas bonuses

Keith Kelly of the New York Post reports that Forbes decreased the size of its Christmas bonuses this past holiday season.

Kelly writes, “In the days of yore, longtime staffers recall, Christmas bonuses of $5,000 to $10,000, or up to two weeks pay, were common.

“The time around, the bonus was a little more scaled down. Employees received a $100 bill.

“‘As a small gesture of appreciation for the talent, creativity and commitment that you each bring to our business every day, your manager has a gift of $100 for you,’ Chief Executive Mike Perlis said in an e-mail to all full-time employees right before New Year’s Day.

“Meanwhile, Chairman Steve Forbes and the rest of the Forbes family, through its Highlander Media, is trying to dissolve the 2014 acquisition of their company by Integrated Whale Media.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.