At Harper Collins, John Zappola has been promoted to svp, deputy cfo, overseeing all North American finance operations, including accounting, financial systems, control, payroll, credit, accounts payable, tax, and royalties. Christine Jones has been promoted to vp, royalty accounting, overseeing royalties for all North America. Mike Rohrs, vp, finance, US and International, will now oversee the US General Books Group and Children’s Books finance teams, in addition to the international finance team. Shannon Arnone has been promoted to manager, financial compliance. Colleen Slick has been promoted to manager, consolidations.
Archives for September 2023
Literary Agents Face Low Pay, Supplement With Side Gigs
The Association of American Literary Agents published their bi-annual membership survey report today about agent demographics, how the organization is serving members, and industry issues. This time around, one of the sections addresses agent compensation, with, as they write, “an overwhelming 69%” of respondents pointing to low salaries as “a critical issue for the industry to address.” In parallel, PL has been speaking to agents at a variety of firms about what it takes to make a living, as part of our ongoing series on compensation across the industry (which has previously included book critics and booksellers) — confirming the AALA’s […]
Managers to Decide on S&S’s Return to Office Policies
In a memo today, Simon & Schuster ceo Jonathan Karp advised staff on the future of in-office work for the company, taking a “departmental approach.” Working from the office had been voluntary for most employees throughout the lengthy sale process. Managers will determine the schedule for their teams, which may be fully in person, 2 to 3 days in the office, or fully remote. In the NYC office in Rockefeller Center, employees who are not coming in at least two days a week by December 1 will forfeit their office space and “share new office space, which will be created […]
Canongate Launches New Staff Incentive Plan
Canongate has introduced a new incentive plan for staff, following last year’s record-setting sales of £28 million. (For the current year ending March 2023, sales were £19.7 million.) The plan, called Canongate Bonds, pays out staff members when shareholders receive payouts, with the first payments distributed last month. The payments will take the form of an annual dividend at the same rate as shareholder. This is on top of the company’s existing bonus policy. “Bonds” were given to everyone who has been at the company for three years or more. Every additional year worked earns additional bonds. COO Kate Gibb […]