Sam Zell

Tribune planning $15 million more in executive bonuses

This third round of bonuses will bring "to more than $72 million the amount of pay enhancements the media company handed out while operating under bankruptcy protection," the Wall Street Journal reports via Dow Jones Daily Bankruptcy Review. "The new bonuses, which cover 42 top executives, include nine of Tribune’s 10 top-ranking corporate leaders, according to papers filed with the U.S. Bankruptcy Court in Wilmington, Del. They are in addition to $57.4 million worth of bonuses already approved by a bankruptcy judge over the protests of unions whose members lost jobs due to the company’s financial struggles."


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