PayCuts

Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.

No matter when a person gets laid off, it can have long-lasting financial consequences -- among them, a wage gap that persists for years. But a new study reveals that men who are part of a mass layoff during a recession lose 72% more over their lifetimes than men who lose jobs in during periods of economic growth.

As if the workplace hasn't been interesting enough at the Boston Globe, which had threatened to close, its employees now face the double death watch of having their salaries cut by 23% as their paper is put up for sale.The New York Times Co. has hired an investment bank to sell the Boston Globe, a...