Tuesday, April 29, 2014
Tribune Publishing CEO will take the money and run
If Mr. Griffin tires of running the newspaper empire he has a golden parachute that will reward him with $2,000,000. Most people would love to have a sweet deal such as this, quit your job, and walk away with two million dollars.
Mr. Griffin's base salary is $1,000,000, with a matching bonus of $1,000,000, and stock options worth $1,500,000 for a total compensation of $3,500,000 yearly.
I can only assume the new publishing company is expected to be bringing in plenty of cash after the spin off mid-year, how else can this nice salary be explained?