Jeff Bewkes cutting some bloated salaries in Time Warner's corporate suite
Published: Wednesday, February 06, 2008
-SDH Being the CEO of a publicly traded company, you're always on a mission to keep costs down and revenue up. One of the ways to do this is to fire a bunch of people and then claim those salaries as part of your overall earnings on paper so investors are happy and you're job is safe until the next quarter or something like that. Usually the cuts happen way down the ladder among minions of minions of minions. Time Warner has one of the thickest layers of management in the business. Some people there even have titles that doesn't even hint at what it is they do. But this may be coming to an end or if not an end some layers will be erased as AdAge reported yesterday that Time Warner CEO Jeff Bewkes plans to cut bury 75 bodies in corporate which will no doubt save the company a nice chunk of cash. This is perhaps the beginning of more drastic changes on the horizon in management and the overall structure of the company. Who will be affected by these cuts? Our money is on the middle-men. No one should be surprised at this at all. Jeff Bewkes did say that he will do whatever he as to do to please shareholders and have no calms about it.Labels: FIRST_100_DAYS, JeffBewkes, LAYOFFS, THE_BEWKES_ADMINISTRATION, TimeWarner |



Comments on "Jeff Bewkes cutting some bloated salaries in Time Warner's corporate suite"
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Anonymous said ... (1:17 PM) :
post a comment$50 million in savings they say? thats a lot of money. who the hell are these people who make this up?