So you wanna be a hotshot agent like Ari on that horrible Entourage show? Well, you'll probably have to start out as an assistant, which means you'd better have a trust fund or an insatiable fondness for ramen noodles.
Toiling as an assistant within the smoldering bowels of newly-formed superagency William Morris Endeavor should, apparently, be its own reward. Because the $9.50 an hour the gig pays won't buy any other kind of reward.
Yesterday the New York Times cut all of its non-union salaries by 5%—but it had to meet with the union to ask its members to go along as well. They better!
The New York Times has completed the first step: admitting it has a problem. The internal memo is out, confirming today's rumored pay cuts (and layoffs). This is big news.
Updated: We've heard solid rumors that editors and managers at the New York Times are being told they will be taking a 5% pay cut and the paper is asking for similar cuts from newsroom employees.
Rather than put more people on the street, Hewlett-Packard CEO Mark Hurd is cutting salaries by 5 percent or more across the board. It's a paycheck experiment never before tried at a company this large.
