WASHINGTON (AP) -- David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press. Here are some ways to think about just how much money those salaries represent. Simon's $137 million is almost entirely in stock awards that could eventually be worth $132 million. The company said it wanted to make sure Simon wasn't lured to another company. HOW LONG IT TAKES OTHERS TO MAKE THAT MUCH: A minimum wage worker - paid $7.25 per hour, as some workers at Simon malls are - would have to work one month shy of 9,096 years to make what Simon made last year. A person ... Continue reading →
Violent scuffles erupted in Ukraine's parliament on Thursday evening over a bill that would allow the use of the Russian language in courts, hospitals and other institutions in the Russian-speaking regions of the country. (May 25) Continue reading →
May 24, 2012, 10:09 amNew Orleans Times-Picayune to Cut Staff and Cease Daily Print Edition By DAVID CARRThe New Orleans Times-Picayune confirmed on Thursday that it will cut back its daily print publishing schedule to three days a week and lay off an unknown number of staff members.This memo to the staff of the Times-Picayune from the publisher was sent out on Thursday morning, following a New York Times report about the plans on Wednesday night:To all employees:We wanted to make you aware of a news story that will be posted on NOLA.com regarding the future of the company, and to alert you that we will be scheduling meetings to discuss it with groups of employees today.The story, which can be accessed through this link, ... Continue reading →
We take our search engine experience so much for granted that it can be hard to see with clear eyes. Consider this: The dead simple process of googling something actually has four distinct phases. First, you arrive at the URL and type your query. Second, you scanning the long list of blue links that are your results. Third, you hopefully find what you need. With their new search app, Yahoo! Axis, Yahoo! is claiming to have eliminated one of those steps altogether. The insight lies in making search into a far more visual, rather than text-based, experience. "We’re focusing on the front-end," says Ethan Batraski, Yahoo!'s director of product. "And in the last few years, the search experience hasn’t evolved much at all. But search ... Continue reading →
The New Orleans Times-Picayune, which distinguished itself amid great adversity during Hurricane Katrina and its aftermath, is about to enact large staff cuts and may cut back its print publishing schedule to several days a week, according to two employees with knowledge of the plans.Newhouse Newspapers, which owns the Times-Picayune, will apparently be working off a blueprint the company used in Ann Arbor, Mich., where it reduced the frequency of the Ann Arbor News, emphasized the Web site as a primary distributor of news and in the process instituted wholesale layoffs to cut costs.A request for comment from the newspaper’s editor, Jim Amoss, late Wednesday night was not returned.The plans have been kept under wraps, but the newspaper will likely cease to exist as a ... Continue reading →
The New Orleans Times-Picayune, which distinguished itself amid great adversity during Hurricane Katrina and its aftermath, is about to enact large staff cuts and may cut back its print publishing schedule to several days a week, according to two employees with knowledge of the plans.Newhouse Newspapers, which owns the Times-Picayune, will apparently be working off a blueprint the company used in Ann Arbor, Mich., where it reduced the frequency of the Ann Arbor News, emphasized the Web site as a primary distributor of news and in the process instituted wholesale layoffs to cut costs.A request for comment from the newspaper’s editor, Jim Amoss, late Wednesday night was not returned.The plans have been kept under wraps, but the newspaper will likely cease to exist as a ... Continue reading →
