Tuesday, February 16, 2010

No raises for Lee employees; what about execs?

Salaries for Lee employees have been frozen for more than a year now. Last year, wages also were frozen for Lee executives; I have not yet seen that for 2010. Does anyone know if that policy has carried over to the new fiscal year, or how much those raises are?
At the Billings (Mont.) Gazette "state of the paper" meeting last week, publisher Mike Gulledge told employees there will be no raises or 401(k) contributions in 2010 -- a companywide policy. He also said the Gazette is ahead of plan for the first quarter. Gulledge, who is also Lee's publishing vice president, said he and the "CEO team" talk about raises and benefits every week, but have not decided when to bring them back.
(via e-mail; send tips to lee.ent.watch@gmail.com)

No comments: