Barnes and Noble execs get a pay freeze. Geez! What's Next?

[B.R.Stateham]

Publishers Markeplace, in their Automat section, has a report that B&N execs. are having their pay frozen until Jan. 2010. Ouch! That'll hurt the discritionary spending budgets. Who knows? Some of'em might have to refuse paying the dues to one of their private clubs.

And if you read the article, check out how much the Top Dog makes--and he's also allowed to make 150% over his base salary. Still.

Conversely, PM talks about how Random House and Simon&Schuster are lowering the royalties for ebook sales. Nice touch, there. Glad to see we are all sacrificing something in order to get through these hard economical times.