Former Dow Jones & Co. CEO Peter Kann, who retired from the company at Wednesday’s annual meeting after a career that included winning a Pulitzer Prize while a reporter at the Wall Street Journal, received a hostile sendoff, according to Reuters reporter Robert MacMillan, writing on a Reuters blog.
“WSJ war correspondent and union member Michael Phillips brought the flamethrower:
– ‘Managers now routinely tell reporters to take their own photos, shoot their own video, write and read their own broadcast scripts to accompany the stories they write. Other newspapers devote entire staffs to these jobs. Dow Jones, however, wants to have this work for free.’
– On the 2.5 percent annualized raise now on the bargaining table: ‘We understand that this increase is below the 3.1 percent average inflation rate over the past two dozen years. This is a pay cut, not a pay raise.’
– On Chief Executive Rich Zannino’s car allowance: ‘In 2006, Mr. Zannino received $173,441 to cover commuting costs from his Connecticut home to Manhattan. That means that each and every working day, the company pays $667 just to get him to come to the office. He gets more to sit in the back of a limo than we get to go into combat… To us it seems very clear: we take the risks, top managers reap the rewards.'”
Read more here.
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…