Word: payless
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Finally, after nearly a month of payless paydays, the entire 11-member Clio staff quit at the end of May. The bizarre banquet now seems like a wake for a Madison Avenue institution. Don Catterson, a new Clio spokesman, blames the company's collapse on staff intrigues and predicts Clio's return next year. Others are not so sure that the man who made a fortune off the image business will ever recover from an image problem...
...Payless paydays hardly help a government win the loyalty of its citizens -- or employees. A cash squeeze was in fact one element in the pressure that Washington put on Manuel Noriega by freezing Panama's bank accounts in the U.S. But at year's end the Bush Administration had to throw that process into reverse, when the U.S.-installed administration of President Guillermo Endara was due to pay out $50 million in government salaries and had no money in the till...
...successfully to collect three years of back uniform allowances, only to be told that the award left no money in the till to pay their salaries. A bill making its way through the state legislature will erase the deficit in the current budget and finally put an end to payless paydays for city employees, at least for the time being...
Last December, school officials tried to save money by placing all university employees on a two-and-one-half-day payless furlough. Weeks later, it became apparent that more drastic action was needed. On February 6, the board of trustees, staring at a calculated $30-million deficit, voted to declare Michigan State University in a "state of financial crisis...
Some of the greatest concern is arising in the major cities, which will be hurt by a proposed cancellation of revenue-sharing funds from Washington. Chicago stands to lose $55 million for its school system, which is already so strapped that teachers suffered four payless paydays last winter. Cleveland may have to buy fewer buses and rapid-transit cars; Miami fears its parks will deteriorate without federally paid help; St. Louis may be forced to stop serving free meals to the elderly poor...