memo

‘The Sad Moment Has Arrived’

Source: http://www.businessinsider.com/tina-brown-daily-beast-firings-2012-12

Tina Brown

Newsweek is cutting a chunk of its editorial staff.

We still don’t know exactly how many in the Newsweek/Daily Beast newsroom will be losing their jobs, but an anonymous source tells The New York Observer that it’s a “bloodbath” that could annihilate half the jobs in editorial.

The Observer acquired the somber memo editor-in-chief Tina Brown and CEO Baba Shetty sent out to the staff.

Here it is:

To: All Staff
From: Tina Brown / Baba Shetty

The sad moment has arrived when we must go forth with the editorial staff reductions that we discussed in person with all of you several weeks ago. Employees in the affected positions will be notified today. Much of this has already happened on the business side, and today we will be letting staff on the editorial side know where we will be eliminating positions. This is a very difficult day, and one that we approach with enormous regret.

Anyone whose job (or job category) is affected will meet today with a senior member of the editorial team. No one will be asked to leave before December 31st (and many will stay at least into mid-January). Managers will be getting in touch later this afternoon with groups of affected employees to let them know when and where their particular meeting will take place. After the meetings with management, you should feel free to speak with Holly Antiuk or Lauren Strada for more specifics on all aspects of this transition. We are working to ensure that the process is handled as sensitively as possible.

Tina & Baba

S EE ALSO: The Most Iconic And Controversial Newsweek Covers Ever >

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Friday, December 7th, 2012 news No Comments

Another Top Groupon Sales Executive Is Leaving

Source: http://www.businessinsider.com/another-top-groupon-sales-executive-is-leaving-2012-8

Andrew Mason

The head of Groupon’s national sales, Lee Brown, is leaving the company.

Reuters first broke the news last night after obtaining an internal memo and Groupon has since confirmed Brown’s departure.

The memo was written by Groupon’s head of operations, Kal Raman.

Raj Ruparell, head of Groupon Goods, will be taking over Brown’s position.

Brown joined Groupon in 2010 from Yahoo and formed Groupon’s first national sales division. The memo did not say where Brown is headed next, but AllThingsD says his leaving may be Raman’s doing. Raman was recently appointed to his SVP role and is reportedly “cleaning house.”

Brown is the second top sales executive to depart Groupon this week. Jayna Cooke’s departure was made known three days ago; she was one of the company’s top salespeople who led the charge on major corporate accounts like Gap.

“Under Lee’s management, the team has secured a number of key customers, and I’d like to personally thank Lee for his contributions and wish him the best in his next opportunity,” Raman wrote.

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Friday, August 24th, 2012 news No Comments

Not Enough Data To Explain Why Doctors Are Leaving Medicare

Source: http://www.businessinsider.com/medicare-2012-1


Doctor

The government is having a hard time conducting a full review of physicians who have opted out of medicare, according to a memo released last week by the Department of Health and Human Services. 

The evaluation sought to answer what type of physicians opted out, whether the number of physicians opting out increased or decreased over time, and why the physicians chose to opt out. 

According to deputy inspector general Stuart Wright, the evaluation was not completed because Centers for Medicare and Medicaid Services (CMS), Medicare Administrative Contractors (MACs) and legacy carriers do not maintain sufficient data

While CMS provided the Office of Inspector General (OIG) with 7,900 providers ranging from 1998 to March 2011, only one out of 10 MACs and one of six legacy carriers provided OIG with all data elements required by CMS. Consequently, the OIG claimed it could not sample opted out physicians and interview them. 

The memo implied that the number of physicians opting out will increase in the future, considering “the potential for legislated decreases in Medicare reimbursement for physician services. ” It briefly references a 2011 August report published by the Texas Medical Association, which reported that 50 percent of Texas physicians are considering dropping out of Medicare program altogether. 

This trend is nothing new. TMA has released another report in March 2011 that showed that 34 percent of Texas doctors are not accepting new Medicare patients or have limited the number of doctors. Similarly, a report by AARP released in February 2010 surveyed 413 Idaho physicians and found that 17 percent have completely closed their practices to new Medicare patients.

The Physicians’ Foundation has published numerous reports on the topic. A 2008 survey reported that 12 percent of physicians have closed their practices to Medicare patients and the 2010 survey reported that 52.2 percent of physicians said that health reform would cause them to “close or significantly restrict their practices to Medicare patients.”

Now See: Why doctors are loosing money >

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Tuesday, January 31st, 2012 Uncategorized No Comments

Bloomberg Didn’t Sell Enough Terminals So Now Everyone’s Bonuses Are Getting Whacked

Source: http://www.businessinsider.com/bloomberg-didnt-sell-enough-terminals-so-now-everyones-bonuses-are-getting-whacked-2012-1


Bloomberg Terminal

The lower bonus situation on Wall Street isn’t just for the bankers, but for the companies that service the bankers as well.

Since Bloomberg LP failed to meet its quota for selling its famous terminals, everyone at the financial media giant will receive lower bonus payouts, the New York Post reported citing an internal memo.

That means your favorite Bloomberg News reporters and Bloomberg TV anchors will take home a lower paycheck, according to the report.

If you’re not already familiar with the Bloomberg terminal, it’s basically a computer that’s targeted toward financial professionals so they can message other users, obtain real-time market data, news and stock quotes among many other functions.

They’re really awesome.

According to the Post, there are currently 310,000 terminals that are being used worldwide.  However, the company only added 13,672 in 2011, which was short of its internal sales goal of 15,000.

So if they sold 1,328 more they wouldn’t be having this lower payout problem.  Of course, it’s not exactly the best environment out there on Wall Street.

On a side note, revenue at Bloomberg climbed $720 million, or 10.5%, to $7.59 billion, the Post reported.

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Thursday, January 26th, 2012 news No Comments

AdAge: AOL to Sell or Shut Down Bebo in 2010

Move Comes Just Two Years After Portal Spent $850 Million to Acquire Social Network
NEW YORK (AdAge.com) — AOL will shut down social-networking service Bebo if it can’t find a buyer, the company said in a memo to staff on Tuesday.
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Wednesday, April 7th, 2010 digital No Comments

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