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Legal News

: Legal Blog Watch

Company Slashes Workers While Boosting Lawyer's Pay

By Robert J. Ambrogi

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Boston-based clothing retailer Talbots is imposing major cuts throughout its workforce -- everywhere, that is, except in the C-suite, where the company's CEO and its top legal executive are receiving sizable boosts to their incomes. Earlier this month, the company cut 325 jobs -- some 20 percent of its workforce. Those cuts came just three months after an earlier round of layoffs in which the company slashed 370 jobs and froze its employee pension plan. The company posted a first-quarter loss of $23.6 million. But even as Talbots was announcing this latest round of cuts, it was also announcing that...

Full post as published by Legal Blog Watch on June 25, 2009 (boomark / email).

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