Foul-mouthed billionaire turned Tribune Co. owner Sam Zell is tightening the belt on finances in the newspaper offices, according to The Chicago Sun-Times. Gerald Spector, the company's chief administration officer, said the office supply budget needed to be hacked by $500,000.
They can probably get about $100K back if employees stole fewer supplies. I can’t say for Tribune, but I remember watching an employee at an internship I had at a nonprofit loot the supplies cabinet once a week. He took folders, markers, pens, and reams and reams of computer paper. Maybe he sold it back to OfficeMax.
The seedy side of the Tribune cutback is that Spector drives a 2007 Lamborghini. Clearly the budget cuts aren’t affecting the administration too much. You could probably pay five reporters or editors for a year with the estimated cost of that car: $235,000. But Tribune won’t be doing that either. Layoffs are set to hit the company this summer.
No comments:
Post a Comment