Hearst Looking to Reward Employee 'Innovation'

In early January, Condé Nast chief Chuck Townsend offered a $10,000 prize to the employee who came up with the best idea to help the business. Now, Hearst Corp. is putting out a similar call to its rank and file to help out in tough times.
 
Employees got the news today that they were invited to pitch a new business idea for funding, plus “professional recognition and financial rewards.”
 
It’s part of Hearst Innovation, a new internal program that’s designed to spark new ideas and communication.