Tag Archives: cuckoo clock

Richest man in world ($115,000,000,000) offers only $8 a week raise to some of America’s top journalists, meanwhile spending $42,000,000 for a cuckoo clock

Washington Post writers and reporters began the New Year with a major problem: their owner was offering a lump sum $12 a week raise in the first year of a new contract, and $8 a week in the second year. Plus, unlike the New York Times staff, they had to pay for their own coffee.

Scrooge, how we love ya!

It’s not like this owner needs to cut expenses. The master of Amazon, Jeff Bezos, is estimated to be worth about $115,000,000,000 ($115 billion), and he even beats Microsoft’s Bill Gates as the richest person in the world.

For Bezos and many other corporate cheapskates, it’s about principle, not mere money. Along with the Koch brothers, Pete Peterson and the Cato Institute, the new mantra is that no raises should go to anyone for longevity. If you are with a company 20 weeks or 20 years, your pay should be exactly the same.

Rather than bore you with examining this idiocy hiding greed, an example from my previous employer reveals the same “management” style.

A reporter left my newspaper after many years of suffering miserable pay (under $7.92 an hour), and I was required to complete a form to be signed off by a half dozen corporate execs. Part of this document was a place to indicate the wage offered to the replacement. Continue reading →

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