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Joe Ricketts is a first rate businessman. He founded td Ameritrade, his family owned Chicago Cubs, and until recently he was doing well in the online publishing business. Ricketts owned a couple of local New York news sites, The Gothamist and DNA Info, with over nine million visitors a week and growing now. About a week ago, twenty five employees decided they wanted to unionize. They joined the Writers Guild East, so Ricketts would have to negotiate with unions and swallow
higher operating costs. When the union drive first began, Ricketts wrote to his employees, as long as it's my money that's paying for everything, I intend to be the one making the decisions about the direction of the business. Well after the pro union vote, Joe Ricketts sent the employees another letter. He explained that businesses have to be economically successful. It was now too expensive to produce the kind of journalism he wanted to deliver, so he shut of publications
down immediately. The bottom line, the people have tried to force a union on the business ended up costing one fifteen people their jobs. One of the union backers, a reporter, defiantly says he has no regrets. He's proud he stood tall. Standing tall is fine. You can even do it on the unemployment line. You can even eat standing tall if somebody else pays for it. M