Video: Tightening the Belts at ABC

Under frugal new bosses, the No. 3 network learns to think thin

Stopping at the employee cafeteria for a morning cup of coffee, staffers at ABC's midtown Manhattan headquarters are apt to find an unlikely table mate these days: the big boss. Unlike his predecessors, new ABC President John Sias often mingles with the troops at breakfast rather than repairing to the 40th-floor executive dining room. "It's not good to use all the executive perks and ask others to cut back," says Sias, 59, a former paratrooper known for his practical jokes and the Captain Marvel T shirts he sometimes wears under his suit and tie. "It's important for executives to set an...

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