Welcome to the business world…
The publishing industry has a long and storied (ha) tradition of power lunches and lavish expense accounts.
According to this article, however, those particular perks are drying up.
But isn’t this true with all businesses in this climate? Lavish Christmas parties at the Four Seasons substituted with pizza parties in the company cafeteria. Annual corporate retreats in the Bahamas replaced with webinars.
It’s called expense cutting, a tried-and-true basic strategy to keep businesses running in hard times.
The tone of the NYT article implies those in the publishing business are spolied whiners, when in fact, they are over worked and under paid. The perks make up for the crappy salaries and long hours.