Friday, May 02, 2008
Saving $100K, USAT cuts student honors programs
USA Today's two programs -- the All-USA College Academic Team and All-USA Community College Academic Team -- provided annual cash awards of $2,500 to 20 undergraduate "all-stars" at four-year colleges and 20 at community colleges, The Chronicle of Higher Education says today. The winners and 40 honorable-mention students in each program also were featured in Gannett's flagship.
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Hmm- I have a great idea on how to provide these funds for worthy students....CUT THE UNDESERVED HIGH DOLLAR BONUSES OF SENIOR MANAGEMENT!
ReplyDeleteThis is old news, in the sense that the programs died with the buyouts in December when the two people who ran the programs left. Also, the savings are more like $150,000 since they cut the teacher, college and high school academic team programs. The community college program was somehow done differently, and I don't know who fronted the prize money for that.
ReplyDeleteThese programs were cut back year after year anyway. USAT used to actually fly all the winners into Virginia for an elaborate ceremony and luncheon. That went by the wayside a while ago.
In a roundabout way, these cuts remind me of the Chips Quinn Scholarships at Freedom Forum. Why? Because Freedom Forum spent four times as much on Founder Al Neuharth's salary and benefits in 2006 as it did giving scholarships to needy kids. See: http://tinyurl.com/3lcorp
ReplyDeleteI guess Gannett isn't serious about local, local, local or audience-based selling. No wonder it's hard to get employees to buy into new initiatives when Corporate doesn't follow its own message.
ReplyDeleteThe sacrifices of so many, so that so few could reap six- and seven-figure rewards.