by Norman Horowitz
In the early ’90s, I was forced by the management of MGM to make draconian cuts in our overhead. Management then wanted us to accelerate payments from our customers by offering them a discount. They went nuts when I told them that almost all of the people who could do that had been terminated.
At Columbia Pictures, I was asked to present an operating budget with a 15% contingent reduction. I sent it to them along with a reduction of our sales. They went nuts and told me they only wanted to reduce overhead, not sales.
Welcome to America, where our politicians believe that they can take out a red pencil and cut spending without a concomitant effect on our citizens. Continue reading “The Socialist Speaks”