Gannett’s employees get furloughs while executives get bonuses

The New York Times looked that the practice of Gannett imposing furloughs on employees while the company’s executives continue to receive large bonuses. Here’s an excerpt from the  article published April 10, 2011:

In announcing that Mr. Dubow would receive a hefty package, double the previous year, Gannett hardly shied away from part of what was driving the award: “The company achieved substantial expense reductions through a variety of efforts, including continued centralization and consolidation efforts and salary freezes, positioning the company for growth as economic conditions improve.”

Read the complete article.

In announcing that Mr. Dubow would receive a hefty package, double the previous year, Gannett hardly shied away from part of what was driving the award: “The company achieved substantial expense reductions through a variety of efforts, including continued centralization and consolidation efforts and salary freezes, positioning the company for growth as economic conditions improve.”
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