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Journal Register files for bankruptcy

Discussion in 'Journalism topics only' started by Frank_Ridgeway, Feb 21, 2009.

  1. Frank_Ridgeway

    Frank_Ridgeway Well-Known Member

    You knew it was inevitable:


    Under a proposal filed as part of the bankruptcy case, the company has asked for permission to pay as much as $1.7 million in bonuses to 30 top officers and key employees, should the Journal Register meet certain reorganization goals, including closing more papers and eliminating more employees. Those officers have already been paid $450,000 for a previous round of cuts, according to court papers.

  2. lono

    lono Active Member

    Re: Journal Register files for bankrupcy

    The sound you're hearing: Laughter from hell.

    Last edited by a moderator: Dec 15, 2014
  3. JBHawkEye

    JBHawkEye Active Member

    Yep, give those bonuses to the people cutting the shit out of the company, which is why it's in the mess it's in.

    Unbelievable. Then again, it's not.
  4. suburbia

    suburbia Active Member

    Shouldn't there be something written into bankruptcy laws that forbid the executives from getting their bonuses while under Chapter 11 protection?

    Oh, wait, what am I thinking? Those wealthy executives are the ones who donate to the politicians who write and approve/reject those laws. Why would the politicians bite the hands that feed them? ::) ::)
  5. 2muchcoffeeman

    2muchcoffeeman Active Member

  6. Tarheel316

    Tarheel316 Well-Known Member

    Suburbia, unfortunately, you are correct. I couldn't have said it any better myself.
  7. Fredrick

    Fredrick Well-Known Member

    No words can describe this issue. My god.
  8. 2muchcoffeeman

    2muchcoffeeman Active Member

    Yes, there are. Please choose from the following:

    • shit,
    • piss,
    • fuck,
    • c u n t,
    • cocksucker,
    • motherfucker and
    • tits.

    Some seem more applicable than others.
  9. budcrew08

    budcrew08 Active Member

    They get bonuses for cutting people? Goddamn, am I glad as hell I got out of that organization.
  10. schiezainc

    schiezainc Well-Known Member

    In related news, the company's CEO has a plan for reorganization.....more work thrust on his employees, less pay and every article is put on the internet for free.

    But, hey, they'll hire 50 more ad reps, so it all balances out!
  11. deskslave

    deskslave Active Member

    Goodbye JRC. From hell's heart, I stab at thee.
    Last edited by a moderator: Dec 15, 2014
  12. clutchcargo

    clutchcargo Active Member

    How in the world can these execs possibly rationalize profiting in such a manner? I know all about moral decay, but this goes too far.
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