Wednesday, November 10, 2010

More Tribune news

From Tom Taylor's Radio-Info.com column this morning...

"Some Tribune executives may have to cough up past bonuses. The clawback is part of the revised management incentive plan just proposed by Tribune Company. If some top execs breached their fiduciary duty leading up to the fatal December 2007 going-private deal led by Sam Zell, they'd have to pay back their bonuses. Ditto if they've engaged in wrongdoing."

Ruh Roh Rastro. You know that bonus money from three years ago has been spent. They may need to sell all of their solid gold bathroom fixtures in order to pay back the company. Nobody knows the trouble they've seen. Nobody knows their sorrow.