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- The Art of Cutting Pay, Not People
- Who's going to work just as hard for less compensation? Lots of people, actually. Pay cuts are no longer the taboo cost-saving tactic they once were. The Morale Question Yale economist Truman Bewley established the prevailing theory for why wages tend to...
- Articles 2009-07-22
- Media Roundup: Blockbuster to Offer Video Downloads, New York Mag Writers to Get Pay Cuts, and More
- In Today's Media Roundup: Blockbuster to offer video downloads, New York mag writers to get pay cut, Parenting splits into two editions, Huff Post acquires 236 and ESPN, Discovery to see increased ads. by Sean Blanda
- Blog posts 2009-01-14
- How to Prepare for a Pay Cut
- If you've managed to hang on to your job, there's a good chance you've been forced to accept a pay cut or reduction in work hours. Here's how to minimize the impact of these painful moves. ...
- Articles 2009-06-05
- New Jobs: 8 Lessons from Real-Life Career Switchers
- Changing careers is never easy, and it?s all the more challenging in a recession, but reinvention is becoming more and more necessary as the employment landscape shifts so dramatically. Fortunately, there are some time-tested tips for making a successful transition, from looking for on-the-job training to taking advantage of educational...
- Articles 2009-11-11
Additional Resources
- Abbott CEO White Takes a Pay Cut
- Abbott Labs CEO Miles White took a pay cut last year. His total compensation was only $28.3 million, down from $33.3 million the year before, per a proxy filing at the SEC. The cut came despite the judgment by Abbott's board that White "exceeded" his strategic and...
- Blog posts 2009-03-18
- Worker Democracy Shouldn't Start With a Pay Cut
- Fancy working for less pay? No. Fancy not working at all? Suddenly the pay-cut option seems relatively attractive. It is the choice employers are increasingly asking their staff to make, but is it fair to ask the victims to decide their own fate? ...
- Blog posts 2009-06-18
- Aberdeen head takes pay cut.
- The man who runs Aberdeen Asset Management, the company at the centre of the split capital investment trust scandal, has taken an 18% pay cut.Martin Gilbert, the chief executive, said that the cut was agreed during a 'very difficult time' for the Sco The man who...
- Research articles 2004-01-05
- Delta pilots offer pay cut for job protection
- Delta Air Lines Inc.'s pilots union offered to take a 9 percent pay cut and sought to preserve jobs in response to the airline's request to cut their pay by 30 percent, labor leaders said in a message to members Wednesday. The union agreed to demands to drop...
- Research articles 2003-12-05
- Delta's pilots union agrees to temporary 15% pay cut
- Delta Air Lines pilots Wednesday narrowly agreed to take a big pay cut for the second year in a row, averting the immediate threat of a devastating strike at the USA's third-biggest airline. The Air Line Pilots Association said Wednesday that members voted 58% to 42% to accept a...
- Research articles 2005-12-29
- Taking a bullet for the Boss: employers in a tight spot financially are turning to their workers to help them out. The employers say they don't have enough money to pay current wages, so workers are asked to take a pay cut to keep the business going.(Work
- Air Canada has been on the financial ropes for years. To a large extent the airline's troubles can be traced to a management decision to swallow its competitor, Canadian Airlines. Rescue attempts have hinged on huge wage give-backs from Air Canada's employees. Difficult decision for the...
- Research articles 2004-10-01
- Delta Chief Executive's Pay Cut Leaves Congressional Critic Unmoved.
- By Marilyn Geewax, Omaha World-Herald, Neb. Knight Ridder/Tribune Business News Apr. 5--WASHINGTON--The House's sharpest critic of excessive executive pay said Friday that Delta Air Lines Chief Executive Leo Mullin's self-imposed pay cut won't stop Congress from restricting airline compensation. ...
- Research articles 2003-04-05
- N.Y. Times union to vote on pay cut
- NEW YORK AP -- Union employees at The New York Times scheduled a vote Monday on a temporary 5 percent pay cut, a step Times management hopes will head off any need for additional layoffs this year. New York Guild President Bill O'Meara said he...
- Research articles 2009-04-30
- Asia's richest man takes 66% pay cut
- Mukesh Ambani, Asia's richest man, who is spending about $1bn to build a lavish 27-storey house and buy his wife a luxury Airbus jet, this week gave himself a 66 per cent pay cut. In cutting his compensation to "set a personal example of moderation in executive compensation", Mr Ambani,...
- News items 2009-10-16
- Gottschalks Inc. Plans to Trim Costs with 5-Month Pay Cut for Managers. (Originated from The Fresno Bee, Calif.)
- Aug. 18--Gottschalks Inc. has embarked on an extensive cost-cutting campaign that should avoid layoffs but will require managers and executives to take a 4 percent pay cut for 20 weeks. Aug. 18--Gottschalks Inc. has embarked on an extensive cost-cutting campaign that should avoid layoffs but will...
- Research articles 1993-08-18
- California Medical Group Tells 590 doctors to Take Pay Cut or Lose Contracts.(Originated from The Orange County Register, Calif.)
- ORANGE, Calif.--Aug. 21--One of Orange County's largest doctors groups is telling its doctors to accept a pay cut or lose their business. ORANGE, Calif.--Aug. 21--One of Orange County's largest doctors groups is telling its doctors to accept a pay cut or...
- Research articles 1997-08-21
- SCI Systems Offers Jobs, Pay Cut to Apple Workers at Colorado Plant.(Originated from Gazette Telegraph, Colorado Springs, Colo.)
- COLORADO SPRINGS, Colo.--SCI Systems Inc. offered jobs and a 15 percent pay cut to an undetermined number of Apple Computer Inc. employees in Fountain this week, workers at the plant said. COLORADO SPRINGS, Colo.--SCI Systems Inc. offered jobs and a 15 percent pay cut to an...
- Research articles 1996-05-02
- Media Roundup: Election Coverage, Dolly Parton vs. Silicon Valley, Gannett CEO's Pay Cut, and More
- Election Day coverage: where to watch -- MediaBistro offers links to all the places where you can follow today's election coverage live online. Editor & Publisher reporters are keeping track of local news coverage as it unfolds across the country. [Sources: Fishbowl NY, Editor & Publisher] Bad...
- Blog posts 2008-11-04
- Judge allows 21 percent pay cut for US Airways personnel
- ARLINGTON, United States AFP — A bankruptcy judge approved a 21 percent pay cut for US Airways' unionized employees, agreeing to the company request for urgent steps to keep the carrier operating. Judge Stephen Mitchell agreed to waive the company's labor agreements and grant a 21 percent reduction of...
- Research articles 2004-10-15
- Delta seeks 22% pay cut for pilots
- ATLANTA -- Delta Air Lines wants to cut pilots' hourly wages by 22 percent, rescind pay raises scheduled over the next year and reduce some benefits as it tries to counter heavy losses, union officials said Wednesday. In an e-mail to members, union spokesman Mike Pinho said Delta...
- Research articles 2003-05-01
- Bettis takes pay cut, will play for Steelers
- The Pittsburgh Steelers aren't ready to park the Bus just yet. Jerome Bettis, who weighed retiring after the Steelers lost in the AFC championship game last month, agreed Saturday to another pay cut and will play for at least one more season. This is the second...
- Research articles 2005-02-27
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