"Money for nothing?" blared a Chicago Tribune editorial in mid-March, responding to news that American International Group Inc. planned to give $450 million in bonuses to its top executives during a very public federal bailout.
But this week, the Tribune Co. - which owns the Chicago Tribune, the Los Angeles Times, the Baltimore Sun, the Hartford Courant and other dailies, along with 23 TV stations - received permission from a Delaware bankruptcy judge to pay out $13.3 million in bonuses to some 700 local and corporate managers.
The payouts come as $2.7 million in severance pay to 68 employees who lost their jobs last year remains frozen.
Nuance !!!
When the media does it it's not wrong. Just like when the President does something it's not illegal.
ReplyDeleteLazy Libertarian