The large newspaper where I worked recently imposed a ten percent paycut on all management positions, due to severe economic constraints. This coming after three years of no raises.
Meanwhile, the publisher/owner (who inherited the position), has been spending more time traveling, skiing, and boating with his mistress (who is on the company payroll) than running the business.
Following the pay cuts, he gave himself a $1,000 a week raise on top of his already huge salary. I left without notice.