Yesterday CBS News let the axe fly and laid off a slew of workers in the newsroom. The massive layoffs appear to have started a populist revolt against Katie Couric’s $14 million salary, with some suggesting she gets a pay cut.
From The Drudge Report:
But her salary is now in the direct line of fire, network insiders explain, and a populist backlash against Couric's cash is said to be forming inside the newsroom.
"She makes enough to pay 200 news reporters $75,000 a year!" demands a veteran producer. "It's complete insanity."
The angry source continues: "We report with great enthusiasm how much bankers are making, how it is out of step with reality during a recession. Well, look at Katie!"
MORE Couric's $300,000 a week paycheck has become the obsession of disgruntled CBS staff, just as deep layoffs rock the fishbowl.
Dozens of employees -- including staff members in D.C., San Francisco, Miami, London, Los Angeles and Moscow -- are being let go, the NEW YORK OBSERVER reports.
It is so fitting that a news station that loves to paint Wall Street and bankers, as greedy fat cats in order to stir up class envy in the population should have the same class envy come back and bite them in the ass.
Of course CBS is denying that Couric is going to get a pay cut and they say they are really happy with her performance. This sounds very hollow to me. When you read about how deep the layoffs were and realize the fact that Couric has not been able to budge CBS out of last place, you have to conclude that her $14 million salary isn’t going to last forever.
Sooner or later Katie, the Pay Czar cometh.
Via: The Drudge Report
Via: The Orlando Sentinel