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Speaker 1: Minimum purchase required. See site for complete details. Joe Ricketts
Speaker 1: Joe Ricketts is a first rate businessman. He founded td Ameritrade,
Speaker 1: his family owned Chicago Cubs, and until recently he was
Speaker 1: doing well in the online publishing business. Ricketts owned a
Speaker 1: couple of local New York news sites, The Gothamist and
Speaker 1: DNA Info, with over nine million visitors a week and
Speaker 1: growing now. About a week ago, twenty five employees decided
Speaker 1: they wanted to unionize. They joined the Writers Guild East,
Speaker 1: so Ricketts would have to negotiate with unions and swallow
Speaker 1: higher operating costs. When the union drive first began, Ricketts
Speaker 1: wrote to his employees, as long as it's my money
Speaker 1: that's paying for everything, I intend to be the one
Speaker 1: making the decisions about the direction of the business. Well
Speaker 1: after the pro union vote, Joe Ricketts sent the employees
Speaker 1: another letter. He explained that businesses have to be economically successful.
Speaker 1: It was now too expensive to produce the kind of
Speaker 1: journalism he wanted to deliver, so he shut of publications
Speaker 1: down immediately. The bottom line, the people have tried to
Speaker 1: force a union on the business ended up costing one
Speaker 1: fifteen people their jobs. One of the union backers, a reporter,
Speaker 1: defiantly says he has no regrets. He's proud he stood tall.
Speaker 1: Standing tall is fine. You can even do it on
Speaker 1: the unemployment line. You can even eat standing tall if
Speaker 1: somebody else pays for it. M