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Wednesday, November 10, 2010

Trib wrongdoers want millions in bonuses. « Fred Klonsky's blog

Trib wrongdoers want millions in bonuses. « Fred Klonsky's blog

Trib wrongdoers want millions in bonuses.

The same Chicago Tribune execs who object in their editorials to teachers receiving their average $43 thousand a year in pensions (teachers who must work 35 years before receiving full Teacher Retirement System benefits), are demanding $34 million in bonuses.

Here’s the AP article:

(AP) — The Tribune Co. is asking a Delaware bankruptcy judge to approve up to $43 million in bonuses for top executives and managers this year.

The plan calls for some 640 people to receive bonuses totaling from $16.5 million to $42.9 million if certain cash flow targets are met. The request will be the subject of a hearing Wednesday.