New York Observer
From
Gabriel Sherman's piece on Icahn/Wasserstein and Time Warner:
On Jan. 30, when Fortune managing editor Eric Pooley gathered his staff to break the news of the second round of layoffs, the audience had Time Warner on its mind. After Mr. Pooley’s opening remarks, Fortune editor-at-large Carol Loomis, a 52-year veteran of Time Inc., posed a question: Had [Time Warner CEO Richard] Parsons considered cutting his own compensation?
In a room full of business journalists, Mr. Pooley had gone from manager to subject. After Ms. Loomis’ query, Patty Sellers, another editor-at-large, asked Mr. Pooley how much money Fortune had earned last year. Mr. Pooley said the final numbers had yet to be tallied and he didn’t have an answer.
