Sam Zell

Michaels headed out as Tribune CEO, reports say

Both the New York Times and the Chicago Tribune are reporting tonight that the Tribune company board is likely to seek the resignation tomorrow of CEO Randy Michaels. He's the top exec whose piggishness toward women was one focus of a recent story in the NYT on the odd Tribune culture. The reports tonight are that the Tribune's board has lost confidence in Michaels, and that me may offer his own resignation at a meeting tomorrow. Innovations chief Lee Abrams' resignation for his own boorish behavior was accepted last week.

More by Kevin Roderick:
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Recent Sam Zell stories on LA Observed:
Sad but true: Sam Zell writing a book called 'Gravedancer'
New CEO named at Tribune, old publisher at Times
Tribune exits bankruptcy after four years, ending Sam Zell era *
Judge says he will OK Tribune's plan for ending bankruptcy
Finally, some good Sam Zell news
Zell throws a hundred grand Karl Rove's way
Times employees' suit over Zell deal officially wrapped
Tribune has paid $231 million in bankruptcy fees so far


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