The List of 209 Tribune Company Managers Who Made Bank - FishbowlLA

By Tina Dupuy

We will spare you a quip about making lists and checking them twice. Naughty
execs? Not news. Naughty Tribune execs ditto. Seeing the list of who made what
while hardworking scribes – including a dude who lost his eye covering the Iraq
War for the LAT – were laid off, bought out or downgraded – very nice. Knowing
all those people on the list may have to give the money back – even better.

Michael Miner at the Chicago Reader writes:

All told, the Tribune Company payments came to about $180 million.
That’s a serious piece of change — especially to someone who worked there for years
and didn’t share in a penny of it; and most definitely to someone whose humble role
in the privatization process was to get laid off.

Here’s the PDF I was forwarded — it shows what everyone got. A few high-fliers,as the expression goes, made out like bandits. For instance David Hiller, CEO of the Los Angeles Times before he left the company in July of 2008, got $3,972,558 in a deferred bonus, $2,328,067 for his stock, $2,083,333 in phantom equity, a total of $3,050,523 in excise tax gross ups, and $3,960,000 in executive transition. That comes to nearly $15.4 million. Then again, it’s a trifle compared to what Dennis FitzSimons, CEO of the entire company, walked away with — $28.7 million.

See the list and read the rest of the piece here.


The List of 209 Tribune Company Managers Who Made Bank - FishbowlLA