Employee Benefit, Our Ass

The IRS is reportedly trying to figure out if the Tribune / Sam Zell privatization deal using the ESOP plan actually was for the benefit of the employees, qualifying it as a tax-exempt deal. (I think this is the question being pursued in the employee suit against Tribune, isn’t it?)

Anyway, I’m sure Dennis Fitzsimons would say, “Yes, yes, $23 million times yes!”

Most of us former employees would have a different answer.

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1 Response to “Employee Benefit, Our Ass”


  1. 1 Denis Horgan

    Attaboy, Paul

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