I’ve only had one internship during my entire educational career, and that was unpaid. But I accepted it for the practical experience amidst a drastic career change, and I was expecting a financial aid refund that would support a temporary lapse in salary – that was until the school delayed the refund until the end of the semester. So the internship had to go, after all a sista’s got to eat and maintain a roof over head!
So I understood the grounds for the lawsuit that triggered Conde Nast to discontinue its internship program last fall. The media conglomerate is now in the process of settling the suits filed by Lauren Ballinger and Matthew Lieb, who alleged they were paid below minimum wage for their respective summer internships at W magazine and The New Yorker.
C.E.O. Chuck Townsend wrote in a staff memo “We believe that settling the lawsuit at this time is the right business decision for Conde Nast.”
The terms of the settlement are still being finalized.