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New York Daily News Stops Matching Employees 401(K)

First Posted: 03/14/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Daily News

New York Post:

DAILY News Chairman Mort Zuckerman went inside the beleaguered tabloid's newsroom yesterday morning for an interview with CNN, during which he insisted that the paper was "here to stay."

Shortly after he left, Mark Kramer, the CEO of the Daily Snooze, dispatched a memo to all employees to let them know that the paper was halting any corporate contributions to its employees' 401(k) plans.

Needless to say, insiders are livid. K

Read the whole story: New York Post


Filed by Danny Shea  |