Greedy Executives Loot Failing Company

And the failing company is the New York Times.

It appears the owner is trying to suck all the money out of it before he closes it down. He doubled his own salary, to 6 million dollars a year. Meanwhile, he is losing money hand over fist, and laying off little people by the score.

And he is moving operations out of highly unionized NYC to non-union shops in the South.

Hypocrisy, anyone?


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