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Tribune execs rewarded
Tribune stock has lost 27% in value since the start of 2005 and most of its newspapers went through layoffs and are losing readers and advertisers, but the company yesterday disclosed salary raises for top executives. Dennis FitzSimons, chairman, president and chief executive officer, gets a 3.1% boost to $985,000. Scott Smith, promoted to oversee the newspapers in January 2005, received a 9.5% bump to $575,000. The Form 8-K also lists stock options.
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1:53 PM Wednesday, February 22 2006 • Link
More by tag: Los Angeles | Los Angeles Times
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Lee Abrams, Tribune Company's chief innovation officer, doesn’t seem too impressed with the Los Angeles Times. That’s the feeling I got when he appeared at the Los Angeles Press Club.
Seven or fifteen minutes from now I can definitively say I didn't hear the sound of sirens.
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