Word: slashe
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What Steve Cowper feels, however, is the need to reinstitute the state income tax, slash entitlements and reduce the state's expectations. The legislature has not reacted to those proposals with unbridled enthusiasm. Tony Vaska has a simple definition of the attitude that keeps the politicians from acting: "Alaska has been spoiled." Maybe so, thinks the Governor, but matters have reached a new level of urgency. "We can change overnight. We don't have any choice in the matter...
...swirling through the corridors of CBS and the rest of the broadcast world last week was whether Pappas was right. In the most bruising round of layoffs yet at CBS's beleaguered news division, some 230 of 1,200 staffers had been let go, part of an effort to slash $30 million from the news operation's annual budget of nearly $300 million. Among the casualties: three bureaus (Warsaw, Bangkok and Seattle), 14 on-air correspondents (including Law Specialist Fred Graham and Economics Contributor Jane Bryant Quinn) and scores of other employees, ranging from low-paid support staff to veteran...
...General Electric in June, News President Lawrence Grossman insists there are no plans to cut his $230 million budget or 1,330-member staff. Nonetheless, NBC News has hired McKinsey & Co. management consultants to study the newsgathering operations, and rumors ( persist that next year will bring a 10% slash...
...Raab's rosy predictions may yet come true, but only if Congress insists on providing money for Operation Alliance that the Administration does not want to spend. The President was widely criticized when his budget for the coming fiscal year called for a $150 million slash in drug education and other cutbacks. Very quietly, the Administration has also asked Congress for permission to "postpone" the spending of $32 million designated for Customs to use this year. This would mean that Customs would have to restrict flights of the Hawkeye radar planes it has just received with such a splash from...
...with those goals in mind, cutting even one job, says AT&T President Robert Allen, is "painful." Cost cutting can also hurt the companies if it is done sloppily or with too little thought to the future. Robert Reich, a Harvard professor of political economy and management, cautions against "slash-and-burn management" that sacrifices employee loyalty and teamwork with an eye only to short-term profits...