Here’s a fascinating Wall Street Journal item that looks a little more deeply into the Tribune’s cash flow situation and its request for court permission to pay out executive bonuses. The last line was an eye-opener: If [U.S. Bankruptcy Court Judge Kevin] Carey approves all the bonus programs, Tribune’s top 21 executives stand to collect [...]
Note to my friends at Capital Watch. Have Graphics build you a square logo you can use on Facebook. This one is not right:
I guess the reason to announce the improved cash flow was not just a pointless exercise. And I guess Tribune’s creditors are not necessarily going to be happy about the possibility of awarding bonuses to the managers of a company that is producing good results without them. (Isn’t the post-Recession and bankruptcy concept of “bonus” that you get [...]
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