Got to love when you hear that one of the largest newspaper owners in the US is doing forced furloughs in December after laying off 400 people in August. Meanwhile the CEO is making 7.7 million a year and doing skeezy things like buying company stock right before layoffs. Oh, and they won't be matching 401ks anymore and until November they have severence payoffs if you want to quit working for them. Just awesome. Not the way to cause that -80% stock price in the last year there Gannett.
Got to love when you hear that one of the largest newspaper owners in the US is doing forced furloughs in December after laying off 400 people in August. Meanwhile the CEO is making 7.7 million a year and doing skeezy things like buying company stock right before layoffs.
Oh, and they won't be matching 401ks anymore and until November they have severence payoffs if you want to quit working for them.
Just awesome. Not the way to cause that -80% stock price in the last year there Gannett.