Rants & Ramblings

random commentary about culture, media, politics, technology and whatnot.

dec
09
2002

the 'truth' comes out at dow jones

This little item at Jim Romenesko’s MediaNews on Thursday was too … interesting … to pass up.

THURSDAY, DECEMBER 5, 2002

Claim: Dow Jones CEO caught off guard by angry staffers

New York Post

Peter Kann got an earful from his Dow Jones troops at two “town hall” meetings, reports Paul Tharp. One employee asked why only the non-executive employees got axed and why management and shareholders “didn’t suffer any pain.” Kann’s response: “It’s not an egalitarian place; no corporation is.” Another staffer: “Why not?” A visibly flustered Kann answered: “Well, that’s one of the dangers you face living in a capitalist society.” A DJ-ER SAYS: “Kann’s usually smooth and unflappable, but he was rattled at how outspoken everyone was.”