Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
Apr 27 20098:04am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:04am EDT -
Be Your Own Counterfeiter
Apr 26 20099:04am EDT -
Being Tim Geithner
Apr 25 200912:04pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:04am EDT -
What Good is the News?
Apr 25 20098:04am EDT -
Stressful Enough
Apr 24 20092:04pm EDT -
Not Regretting the Pound
Apr 24 20091:04pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:04am EDT -
Non-Economic Questions of the Day
Apr 24 20099:04am EDT -
The Stress Test Blind Alley
Apr 24 20098:04am EDT -
Happy Hour
Apr 23 20099:04pm EDT -
Recovery Without Rebalancing
Apr 23 20096:04pm EDT -
The Shape of Your Recession
Apr 23 20095:04pm EDT
Links
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Tech Salary Datapoint of the Day
Time Warner, seeking to cut costs and streamline operations, plans to split off AOL's Internet access business from its Web site and online advertising business and cut 100 jobs at its corporate unit, the company's new chief executive, Jeffrey L. Bewkes, said Wednesday...
Mr. Bewkes's plan to lay off 100 people is expected to save $50 million at the corporate unit.
It seems that the net cost of those 100 people at the "corporate unit", whatever that might be, is half a million bucks apiece; one assumes most of that is salary, and possibly substantially more, if those people provide any value at all. What's more, "corporate unit" executives generally come with support staff; if support staff are included in the 100-people headcount, then one can assume that pretty much all the laid-off executives were making seven-figure salaries.
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