Peter Kafka

Recent Posts by Peter Kafka

New York Times Freezes Pension Plan for Management

The only news here is that it took this long: The New York Times (NYT), which is trying to figure out how to boost revenue and cut costs, is freezing pension and benefit plans for its managers, but not its unionized workers, at the end of this year. Earlier this year, the Times announced that it would cut 100 positions at its flagship newspaper, which would still leave it with a newsroom staff of more than 1,000 people.

(Thanks to a sharp-eyed reader–who has good reason to be sharp-eyed about this stuff–for noting that the freeze only affects management and not the rank and file.)


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik