Monday, June 15, 2009

"Furlough" is just another word for "pay cut"

Henry Blodget explains.

Hat tip: comments
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5 comments:

Anonymous said...

Duh.

Anonymous said...

Double duh. The same amount of work gets done, but by fewer people. So while your co-workers do your job - and theirs - when you're furloughed, you do your co-workers' job - and yours - when they're furloughed.

What's stopping MNI from cutting all employees' wages by 50 percent? What are people going to do, quit and get another job? Good luck with that.

Anonymous said...

One furloughed journalist wrote that her assignment was an ongoing project that could not be given to another employee during her absence. On her return, she still had the same deadline for her article, she was given the additional workload of others, and the result was so stressful she actually became ill. The final insult was that her editor said her work was not up to par. When she tried to defend herself, she was told she was lucky to have a job at all, and that there were plenty of out-of-work journalists to take her place.
Geeez, what a hellhole!

Anonymous said...

Is this the same Henry Blodget that got his company a 200 million dollar fine, a 4 million dollar fine for himself and a ban from the Security Exchanges for life?

Anonymous said...

AG Eliot Spitzer targeted Blodget-

“Henry Blodget was later keelhauled by then-Attorney General Eliot Spitzer.”

Spitzer is such a dirt bag that I would not trust his case against anyone. I would need some reporter to dig out the truth, and where is the hell would I find a truthful reporter?