As the Tribune Company prepares to exit bankruptcy the new owners have let it be known they will be replacing Eddy Hartenstein as CEO of the company. I’m curious as to the amount of severance pay he will receive once the transition is consummated? Eddy also holds the title of publisher at the Los Angeles Times; will he receive a severance for both titles I wonder? Looking back at our former CEO and former publisher’s payouts, Eddy could receive as much as $44,000,000 if his kings ransom is matched. Not a bad take for just over three years at the company! Makes me wonder why no one has started an Occupy the Los Angeles Times yet?
David Hiller was terminated as publisher of the Los Angeles Times in July, 2008 and for doing such a great job was rewarded with $15,400,000 in severance pay. 
Former CEO of the Tribune Company Dennis Fitzsimmons walked away with $28,729,797 dollars after the company was purchased and he was replaced.
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1 comment:
Ed, you didn't mention the worst of the whole gang. The Cereal killer, Mark Willes, who walked away with close to 100 million.
He sold off everything that wasn't media. Pumped up the stock for the short term gain but screwed us in the long run. Another 3 to 5 year wonder who jumps with a Golden Parachute and leaves us crashed and burning.
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