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Cuts coming to McClatchy papers

Discussion in 'Journalism topics only' started by SoloFlyer, Aug 21, 2018.

  1. Slacker

    Slacker Well-Known Member

    So what? Promote someone honest and hard-working from within.

    Ethics used to count a lot. Still can, you know. Integrity has to matter again.
  2. Baron Scicluna

    Baron Scicluna Well-Known Member

    Sorry, I was being sarcastic. I should have used the blue font.
  3. Fredrick

    Fredrick Well-Known Member

    Somebody with an economics degree please explain the reasoning. I assume there is a Mrs. and Mr. McClatchey somewhere running the business and making billions or millions. Why is it beneficial to Mr. and Mrs. McClatchey to pay some individual 5 million dollars a year plus bonuses or whatever these CEOs make? Virtually any suit could have the same job, the same role to lose the same amount of money at a nice salary of say, $150,000. Again, it's not as if the CEO is providing a service that adds dollars to the McClatchey fortune. Any suit could lose the same amount of money for the company at a much lower pay rate. So why must CEOs be paid like this when superstar reporters are being laid off weekly? It's the scam of the century. Kudos to the CEOs who get these jobs. Obviously they are not worth the cash, unless I'm missing something. Economics majors? Help here?
  4. LanceyHoward

    LanceyHoward Well-Known Member

    Al least three members of the McClatchy board are members of the McClatchy family. Craig Forman is the CEO of McClatchy. Forman is a former WSJ reporter who got in technology start ups. It was hoped he would figure out how to transition McClatchy to a prosperous, on-line company.

    The problem is that if you are a really talented executive who understands the on-line environment why the hell would you go to work for a dying newspaper company? Because the companies can not get the best people they overpay for mediocrity.
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