Reuters.com
The bonuses would go to 640 management employees. Under the plan, Tribune will pay $16.4 million if it achieves “threshold” performance of its planned consolidated operating cash flow, $32.4 million for “target” performance and $42.5 million for “maximum” performance. Tribune, which filed for bankruptcy in 2008, says approval of the plan “continues to be critically important to maintain proper incentives for the management team as the company strives to sustain its performance despite the strains of the Chapter 11 process.” || From 2010: Judge approves more than $40 million in Tribune bonuses. || From 2009: Tribune seeks management bonuses totaling up to $66 million.
Uncategorized
Tribune Co. asks bankruptcy judge to OK $42.5 million incentive plan
More News
Opinion | Wall Street Journal marks one year of reporter’s detainment in Russian jail
Evan Gershkovich was arrested a year ago today in Russia while on a reporting assignment for the Journal
March 29, 2024
A Baltimore bridge collapsed in the middle of the night and two metro newsrooms leapt into action
Coverage from The Baltimore Sun and The Baltimore Banner had much in common but with some marked differences — especially in visuals.
March 29, 2024
Private equity reporting grants show good return
Projects in Hawaii, Milwaukee and south central Indiana knit news organizations into community life
March 29, 2024
Opinion | How misinformation will be gender-based in Ghana’s upcoming elections
Fact-checkers must be on the lookout for narratives that target and diminish women candidates
March 29, 2024
Opinion | The bombing of Erbil is a case study in misinformation
Real events spawn online fabrications, making data analysis an important tool for truth
March 29, 2024
Comments are closed.
Comments