Feb
21
2009

Is Half a Million Enough for Ailing Papers' CEO?

The Sacramento Unit of the California Media Workers Guild has published (BeeGuildNow.org, 2/16/09) an open letter to McClatchy CEO Gary Pruitt describing how, in quick succession, our salaries and our pensions have been frozen. The company match has been eliminated from our 401K plans. Weâ┚¬Ã¢”ž¢ve gone through two rounds of buyouts. Our ranks are thinner. But that is only the beginning. An unknown number of us will be sent out the door in the coming weeks, laid off during the worst economic climate in 80 years. Those of us who remain will work harder, but we will work for less. […]