I came across this “funny” video. Role reversal, this could be SNL, Late Night TV material!
Bloomberg L.P., a news and media company that provides business and financial professionals information, at the end of December cut all employee salaries by 5 percent in response to the weaker economy. This move might save some jobs.
Certainly with the downturn of the financial markets Bloomberg revenue must have taken a hit, but Bloomberg is private and doesn’t report like a public company.