August 08, 2009

Bankrupt Tribune Execs want $70 Million in Bonuses

The union of workers at the Baltimore Sun has filed an objection to the Tribune Company's plan to give its executives about $70 million in bonuses. The Tribune Company owns the Chicago Tribune, Baltimore Sun, LA Times and 23 TV stations, among other things.

Apparently, the execs feel bad about how they've made a hash of things and plunged the company into bankruptcy, so they need some morale boosting and motivating -- to the tune of $70 million in bonuses.
Apparently the employees -- who write articles, sell the ads and do the other work of newspapering -- don't need 'incentivizing'; they are getting nothing but pink slips.
Apparently, executives that can drive a company bankrupt are so hard to find in this economy that the Tribune feels the need to give big bonuses to keep them.

Due to being in bankruptcy court, a judge will decide on the objection, which probably couldn't have been filed if the employees didn't have a union.

Hmmmm ... maybe that's one of the reasons the Tribune Company is so adamantly anti-union?

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