NBCUniversal’s top executives have agreed to take 20% pay cuts and the company is rolling back planned salary increases for exempt employees who make more than $100,000, NBCU CEO Jeff Shell said in a memo. Shell, a longtime NBCU executive who just started as CEO in January, alluded to the need for cost-cutting on Comcast’s earnings call last week, and many had expected mass layoffs. It seems...
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Amazon Expands Secretive Trucking Program
Amazon’s effort to exert control over the trucking of goods to its customers is moving quickly. In a little over a year, more than 130 small trucking companies around the globe have agreed to transport freight exclusively for Amazon, The Information has learned. Those companies have leased over 1,100 Amazon-branded tractors, the cab units at the front of semitrucks, according to documents...
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