This Just In...
Kevin Fischer is an award-winning veteran broadcaster who has been seen and heard on Milwaukee TV and radio stations for nearly three decades.
Kevin, who is a legislative aide to state Sen. Mary Lazich (R-New Berlin), can be seen offering his views on the news on the public affairs program, “INTERchange,” on Milwaukee Public Television Channel 10. He lives with his wife, Jennifer, in Franklin.
Does the Journal/Sentinel practice what it preaches?
By Kevin Fischer
Saturday, Jul 5 2008, 07:19 PM
In today’s Laurels and Laments section of the editorial page in the Milwaukee Journal/Sentinel, the paper heaps praise on Midwest Air CEO Tim Hoeksema for taking a huge pay cut.
I concur with the MJS. I designated Hoeksema as one of my HEROES OF THE WEEK in my Week-ends blog earlier today.
Here is what the paper wrote about Hoeksema:
“In this era of obscene CEO compensation even as their companies implode and in an era when CEO and 'perp walk' have shown up in the same sentence, it’s refreshing that Hoeksema is imposing a 40% pay cut on himself and a 25% pay cut on senior vice presidents. While asking other employees to take pay cuts to help the company weather bad times, he at least is willing to walk the walk.”
That’s a very interesting position to take by an editorial board for a struggling newspaper that continues to lose circulation and revenue.
And yet, this week, when the newspaper announced a 10% reduction in its workforce to, AHEM, “weather bad times,” I don’t think I read anywhere that any top executive at the Milwaukee Journal/Sentinel or at Journal Communications was taking a pay cut.
(I’ll make a not so bold prediction here. I doubt this will make Best of the Blogs next week).
