Retail therapy: Mall chief's $137M year
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You got it right. Unfortunately it's over everyone's head to grasp the simple economics of the situation. I grew up thinking I could do anything with a little sweat and hard work. I never begrudged another man his earning potential. I was told the sky is the limit. And for me it was. How sad that today these next generations are being sold the bill of goods that "Average" is all they can aspire to. Think average, be average, do average. Very sad indeed!
The big-time CEO 's remarks and the comments I read ignore union wages on papers with Newspaper Guild contracts. I retired as a beat reporter from a medium-sized guild metropolitan paper more than twenty years ago. I was earning approximately $10,000 a year more then than the average wage listed as the current salary for news people in this story.
I suggest that the low wage in this report results from the grouping of small town papers with the non-union metro dailies, mostly in the south/southwest, with much higher paying east and west coast and Great Lakes area unionized papers to come up with an average salary figure.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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