Judge Rules Top Tribune Executives Can Keep Bonuses

Jan 28, 2010  •  Post A Comment

A bankruptcy judge rejected objections from a union and a bankruptcy trustee and ruled that top executives at Tribune Co. can keep $45.6 million in bonuses, The New York Times reports.

The incentive program money went to 10 top executives and 710 managers. The Newspaper Guild and the company’s bankruptcy trustee had argued that the payments were too high at a time when the company didn’t perform well and had been laying off lower-ranked employees.

–Elizabeth Jensen


  1. Well, you know how it is when you’re the boss and can set the rules. So, some were thrown out in the street while “Highers” ordered caviare…the Greed Factor has no limits these days and, apparently the disease is rampant at Tribune too.
    (But can you imagine what $45.6 Million would have done for an operation in big trouble, or to keep hard working staff employed?) Excuse me, there I go thinking again.
    Peter Bright

  2. Are you aware that this page is broken on IE7 and IE8? Footer is in the centre of the page.

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