By Siobhan O’Leary Executives at Bertelsmann’s Gutersloh headquarters were recently hit with diminished bonuses (as much as 50% lower in some cases) and salary cuts. Now, the pay cuts are affecting other employees at Gutersloh, says Buchmarkt. They will not be seeing the 2.5% pay scale increase that was planned for this month, and employees being paid over and above the …
Obama’s Super Secret BEA Party, Small Publishers Schadenfreude
By Edward Nawotka NEW YORK: On Saturday, US president Barack Obama arrived in New York City to take his wife Michelle to see August Wilson’s play Joe Turner’s Come and Gone on Broadway. Soon, the rumor spread that the President planned to visit Random House, his book publisher, for a super-secret party. True or not — we couldn’t get confirmation …