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Penguin Freezes Raises For Those Above $50,000Posted at 8:13PM Thursday 04 Dec 2008 Penguin Group chairman and CEO John Makinson sent a memo to all employees Tuesday, a year-end summary that had some positive remarks but was largely somber. Among Makinson's announcements: the company will not give pay raises to anyone earning $50,000 or £30,000 or more (or the equivalent in another currency) in the new year.
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Comments
While not reported here, this also applies to Pearson Education - and it's no bad thing.
Posted by Reader at 9:41AM Friday 05 Dec 2008
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