Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (512334)	9/11/2009 3:45:39 PM
From: longnshort	Respond to of 1578127

Washington Post executive resigns following 'salon' debacle POLITICO September 11, 2009 politico.com Charles Pelton, the Washington Post Co. marketing executive whose name appeared on a controversial flier for a proposed series of "salons," has now left the company, the Post reports. Pelton, in a letter to Post President Stephen Hills, wrote: "Given the current circumstances with regard to the resources needed to launch [an events business], my family and I have decided not to relocate to Washington, D.C.," from California. Both publisher Katharine Weymouth and Marcus Brauchli admitted to mistakes in handling the salon debacle, while distancing themselves from the specific language in the flier. The flier had promised an off-the-record, non-confrontational meeting with the paper’s top executives in Weymouth’s home, for a price of $25,000 to $250,000. So far, Pelton is the only Post staffer known to have taken a fall for the canceled "salons." But the Post had plans for holding private events as a new revenue stream before Pelton was hired four months ago, two sources who interviewed with the company in February told POLITICO. The Post strategy was to put on events “without much time commitment and high return on value,” according to one person who interviewed for the job of 'Managing Director, Washington Post Conferences' in February and discussed the proposed business plan with company officials. “They wanted this thing to raise $1 million in revenue this year.” The Managing Director position paid $175,000 annually with a 15% takeaway of the money raised, said the source. In his resignation letter, Pelton—who continues as a consultant—said the flier was a “big mistake” and shouldn’t have been sent out. The resignation letter, Paul Farhi writes,“followed weeks of negotiations between attorneys for Pelton and The Post.”