From The Gawker - http://gawker.com
Tribune boss Sam Zell sent around an email today to his "partners," alerting them to "some disturbing language" and some "complaints about his 50 cent a year salary gesture" he's heard around the office, but far more importantly? To his brand-new blog! "Fellow Employees,
You may have heard me say that I will be taking an annual salary of 50 cents. Apparently, that figure was disturbing to some people. Someone on my team recently received an e-mail from an employee who was concerned that 50 cents does not divide evenly into 26 paychecks.
So, I’ve decided we should form a committee, hold a meeting, and then hire a compensation consultant to decide if my salary should be increased to 52 cents a year.
While I’m sure that falls under the cap for raises, it may be against some old policy restricting salary increases for employees with less than 12 months of tenure.
Do I need a committee, meeting and another consultant to change that policy?
Oh, that’s right, I’m in charge now. What policy?
More to come…Sam"