That's
The Guardian's
Roy Greenslade, writing about the run-up to
the two-day strike among workers at
The Argus, one of the 17 dailies and hundreds of weeklies in Gannett's U.K. newspaper group,
Newsquest. Through today, they're striking over plans to move jobs to a central editing hub, and management's imposition of a two-year wage freeze.
 |
| Martore |
"Their employer, Newsquest/Gannett,"
Greenslade wrote yesterday, "has got away with plenty of cutbacks in the past by claiming that plunging profits have necessitated editorial budget reductions. But Gannett's chief financial officer,
Gracia Martore, put a lie to those claims last month when
she told U.S. analysts that Newsquest was making profits. Healthy profits."
Greenslade continues: "But Newsquest/Gannett cannot have it both ways. Either she told the truth to analysts, meaning that Newsquest's executives have been telling porkies to their newspaper staffs. Or she was 'economical with the truth' when addressing sceptical U.S. analysts."
Good for him.
ReplyDeleteNotice how we've all danced around this, and now someone has the guts to call her out. Love The Guardian and love Greenslade.
Do we call this "Graciagate?"
Let's see. As a top executive of a publicly traded company, she has to tell the truth in making public disclosures. Analysts count. She would have a hard time signing her required certifications otherwise. So, truth. The poormouthing to the slave class is lie. Notice how much more your health insurance is and the cut from 60 percent to 50 percent pay for long term disability. Did the executives take the same medicine? Yes, there's class warfare. The upper class is conducting it on the rest of us.
ReplyDeleteGracia doesn't lie...after all isn't she on some ethics and morality committee as the chairwoman?
ReplyDeleteWhy would she lie about profits? When asked about Newsquest on any analyst call, she spends less than 30 seconds and moves on. She hardly has time to lie, because there is niching to say about the drunken state of affairs at NQ.
Gracia is very coy and selective with her words. Unfortunately for her, she has someone else write her script. Her writer is a liar.
The issue is that while profitable, Gannett wants more profit to continue funding executive bennies, perks and bonuses.
ReplyDeleteIn other words, Gannett's executives want to continue to live in the style to which they've become accustomed.
The Gannett mindset: The heck with a changing market place with lower profit margins! We've always enjoyed 30% plus margins and we will continue to do so. We'll just take it out of the hide of the workers.
Didn't Omama-Care take care of out premium issues?
ReplyDelete