Well, maybe those days of $250k+ comp packages with fat country club expense accounts are finally over for the ad sales executives at the venerable Time, Inc. Social selling is feeling the pinch of Internet clicks as print reps have more of a difficult time justifying their high rates in the flood of performance based models.
Who got the axe at Time?
Heavyweights such as Jack Haire, exec VP in charge of corporate ad sales; Richard Atkinson, exec VP in charge of the news and information group; Eileen Naughton, president, Time magazine; David Kieselstein, president, the parenting group.
Maybe we'll see them at the next DIY Web 3.0 conference
Ouch!
