Clear Channel Pay Raises To Precede Fall Layoffs

This is Bob Pittman’s ingenious plan to spin more fall layoffs as a pay raise first.

The good news is that finally, some Clear Channel employees will get raises.

The bad news is that seniority takes a backseat to favoritism because the chosen ones are in line for raises.

And to pay for them, more jobs will have to be eliminated quickly after.

Ugly details revealed here.

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  1. Who gets raises and who does not including exempt job categories.
  2. Clear Channel’s one caveat – this is not a done deal yet.
  3. The Bain Approach:  the outrageous way Clear Channel will determine who is worthy of a pay raise. 
  4. When the first raises are set to begin along with when the first fall layoffs will start.
  5. And how big both will be.

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