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March 6, 2009

Did You Know…

Filed under: The Buffalo News — Tags: , — Geoff Kelly @ 1:17 pm

…that Stan Lipsey, publisher of the Buffalo News, has been observing this week’s tense negotiations with the Buffalo Newspaper Guild—which is fighting to prevent 50 layoffs at the paper—from his winter home in Palm Springs, California?

Potentially related posts (automatically generated):

  1. Imagine No Daily Newspaper
  2. Possible Layoffs at the News
  3. What I Meant to Say…




3 Comments »

  1. What difference does it make what geographic locale Lipsey is?

    Didn’t President Obama take a break to spend some time in his Chicago home before signing the Porkulus bill?

    Same difference.

    http://www.americanthinker.com/2009/02/obama_delays_signing_urgent_st.html

    “After telling the nation it was so urgent to pass the stimulus bill there was no time to even read it, President Obama took off for Chicago with wife Michelle, to dine at a fancy Chicago restaurant and spend the night at home in Hyde Park for Valentine’s Day. The Bill will just have to wait for him to sign it next Tuesday.

    How to explain this odd behavior? Was this a calculated move? What could be the thinking behind it?

    Obama and his advisors are no doubt counting on the press to avoid noticing the contradiction between the alleged urgency and taking time off. This neglect is a necessary precondition for all that follows.”

    Comment by huh? — March 6, 2009 @ 5:55 pm

  2. The difference is that the publisher of this newspaper, who claims to be invested in the well-being of this community, is eliminating middle class jobs to maintain a healthy profit….all of which savings will be sent to omaha, nebraska to be counted and stashed away by warren buffet’s bean counters. stan lipsey should have the common courtesy of meeting face to face with his employees, many of whom have lived and served in this community MUCH longer than he has, to tell them in person that they need to give up their jobs to ensure that he, and all of his high paid cronies, can continue to comfortably pull money out of this community and send it elsewhere.

    Comment by Kevin Bartholomew — March 9, 2009 @ 7:51 pm

  3. “to maintain a healthy profit… all of which savings will be sent to omaha, nebraska to be counted and stashed away by warren buffet’s bean counters”

    Kevin, not really. Berkshire Hathaway including its Buffalo News subsidiary is a publicly traded company on the NY Stock Exchange. It’s owned not only by Buffett, but by almost all U.S. stock mutual funds that WNYers and others own in their 401-K’s, and owned by most pension funds and many private individuals.

    Buffett owns 38% of it, so that means other people, funds, and pensions own shares comprising the other 62%.

    About the profits being “stashed away” in Omaha Neb as you imagine, Berkshire Hathaway hasn’t issued dividends to stockholders since 1967. That means the profits have been kept within the company since that time. Buffett’s salary as CEO is $100,000/year with no stock options.

    Comment by huh? — March 10, 2009 @ 5:38 pm

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