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JRC announces layoffs; release the hounds!

  • Thread starter Thread starter wickedwritah
  • Start date Start date
Almost_Famous said:
Save, save, save, people. fork that 50-inch TV.

Amen, A_F, especially when the 27-inch will do (quite well, in fact).

And sorry to hear about your buddy losing his job. At least they didn't find out they got fired via e-mail, a la RadioShack.
 
I appreciate all the kind thoughts, but nobody worry about me -- I'll be well taken care of:

http://www.sec.gov/Archives/edgar/data/1035815/000089882206001078/sept28_exhibit.txt

(5) at the conclusion of the period of three years from the Date of
Termination, the Company shall sell to the Executive, for $1.00, any
automobile that the Executive is provided pursuant to Section 5(a)(2)
above;

(6) as promptly as practicable following the Date of Termination, the
Company shall (i) sell to the Executive, for $1.00 each, the Company-owned
personal computer, printer and fax machine being used by the Executive
immediately before the Date of Termination, and (ii) transfer to the
Executive,

So, just in case in some wild event I should happen to depart the employ of my beloved JRC, y'all be sure to stop in at Bobby J's Used-Car and Office Equipment Supermall. We'll have a wide selection at reasonable prices!!

;) ;)
 
I am speechless/.... Oh to be a JRC staffer to work for a charitable man such as you, Bob
 
Has there been a definitive profile written of JRC and its tactics? Has anyone ever challenged the way these guys do business in print, hold these clowns' feet to the fire? Make Jelenic et al respond? Sounds like it would make a great feature in Forbes, Business Week or any of those mags? E&P anyone?
 
Has there been a definitive profile written of JRC and its tactics? Has anyone ever challenged the way these guys do business in print, hold these clowns' feet to the fire?

My former ME, who was fired during the period I had been laid off, was denied unemployment compensation by JRC, and she had to go to court to get it. Ironically, the key witness for her was her predecessor, who before he retired had been essentially a prostitute for JRC. Perhaps the fact that he had lost access to his $150,000 nest egg in the mishandling of 401(k) money (he had guaranteed investment contracts with JRC's investment house, which went belly up) had something to do with it.
I hadn't been in the plan for long and only had about 10 percent in GICs, so I only lost a few hundred bucks (got most of it back several years later after my union sued). Some of the veterans had $40-50K tied up for years.
 
sporting_guista said:
Has there been a definitive profile written of JRC and its tactics? Has anyone ever challenged the way these guys do business in print, hold these clowns' feet to the fire? Make Jelenic et al respond? Sounds like it would make a great feature in Forbes, Business Week or any of those mags? E&P anyone?

http://www.ajr.org/Article.asp?id=3246
http://www.citypaper.net/articles/050699/news.on.media.update.shtml
http://list.msu.edu/cgi-bin/wa?A2=ind9909d&L=aejmc&P=5183

This is the story that has been linked on the board repeatedly, and the author ended up pissing off Jelenic something fierce.
http://www.ajr.org/Article.asp?id=3247
 
wicked said:
sporting_guista said:
Has there been a definitive profile written of JRC and its tactics? Has anyone ever challenged the way these guys do business in print, hold these clowns' feet to the fire? Make Jelenic et al respond? Sounds like it would make a great feature in Forbes, Business Week or any of those mags? E&P anyone?

I've seen these before, and they're great--but they're also 7 years old. Sounds like a perfect time to revisit it considering the health of their stock.

http://www.ajr.org/Article.asp?id=3246
http://www.citypaper.net/articles/050699/news.on.media.update.shtml
http://list.msu.edu/cgi-bin/wa?A2=ind9909d&L=aejmc&P=5183

This is the story that has been linked on the board repeatedly, and the author ended up pissing off Jelenic something fierce.
http://www.ajr.org/Article.asp?id=3247
 
wicked said:
sporting_guista said:
Has there been a definitive profile written of JRC and its tactics? Has anyone ever challenged the way these guys do business in print, hold these clowns' feet to the fire? Make Jelenic et al respond? Sounds like it would make a great feature in Forbes, Business Week or any of those mags? E&P anyone?

http://www.ajr.org/Article.asp?id=3246
http://www.citypaper.net/articles/050699/news.on.media.update.shtml
http://list.msu.edu/cgi-bin/wa?A2=ind9909d&L=aejmc&P=5183

This is the story that has been linked on the board repeatedly, and the author ended up pissing off Jelenic something fierce.
http://www.ajr.org/Article.asp?id=3247

It doesn't take much to pish me off. I am working on my people skills, however.


4fsfg06b.jpg
 
lapdog said:
magicrat said:
Another former OPer and I, from different eras, were reminiscing about what a good place it was to start a career: somewhat disorganized but scrappy. A fun place to work, as long as you weren't worried about things like certainty of having a pension or other silly details.

The stuff going on there now just makes me sad. We weren't quite a big-league sports section back in the day, but we were certainly high AAA-ball.

JRC has totally divorced this newspaper from all connections it had with the community. I've seen a lot of weird stuff in this business, but nothing quite on this scale. It makes absolutely no long-term business sense.

The Michigan Press Association awards are out. The OP (and other Michigan cluster papers) won all sorts of awards for editorial excellence.

Completely meaningless. The paper is in a circ category that allows it to dominate. There is absolutely no competition.
 

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