Take Back the Times: LAT Cutbacks Must Be Put In Abeyance During Bids

LAT Cutbacks Must Be Put In Abeyance During Bids

The Tribune board, which is nothing if not greedy, has already set aside $269 million for golden parachutes for a host of executives that would be leaving under new owners (even though Zell has said he would keep present management at least initially). This was close to the $300 million cash Zell was offering out front.

FitzSimons, with his golden parachute, will not need new employment. But Hiller may not be ready to retire. I think he might be induced to go to work for his old Justice Department colleague, Ken Starr, if and when Starr returns to the Justice Department in place of Alberto Gonzales, who presumably will soon be forced to resign for perjuring himself to Congress.