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The immorality of the private sector continues...
....unabated, with another example of greedy corporate executives at a
bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. |
The immorality of the private sector continues...
On Aug 10, 1:08*pm, H the K wrote:
...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's *what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. |
The immorality of the private sector continues...
Frogwatch wrote:
On Aug 10, 1:08 pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. Harry wants NO checks and balances. He wants everything and anything run by the government. Some here are just the opposite. They don't want the government to put any restrictions on any company or entity. Both are very bad for the country for obvious reasons. |
The immorality of the private sector continues...
On Mon, 10 Aug 2009 14:39:57 -0400, NotNow wrote:
Frogwatch wrote: On Aug 10, 1:08 pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. Harry wants NO checks and balances. He wants everything and anything run by the government. Some here are just the opposite. They don't want the government to put any restrictions on any company or entity. Both are very bad for the country for obvious reasons. I'm surprised. I've noticed no one here who wants not restrictions on any company or entity. Could you back that statement up at all? -- John H All decisions, even those made by liberals, are the result of binary thinking. |
The immorality of the private sector continues...
Just John II wrote:
On Mon, 10 Aug 2009 14:39:57 -0400, NotNow wrote: Frogwatch wrote: On Aug 10, 1:08 pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. Harry wants NO checks and balances. He wants everything and anything run by the government. Some here are just the opposite. They don't want the government to put any restrictions on any company or entity. Both are very bad for the country for obvious reasons. I'm surprised. I've noticed no one here who wants not restrictions on any company or entity. Could you back that statement up at all? -- John H All decisions, even those made by liberals, are the result of binary thinking. Hell, it's the Republican mantra!!! Get government out of industry. Make the government quit restricting business. |
The immorality of the private sector continues...
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The immorality of the private sector continues...
On Aug 10, 2:00*pm, Frogwatch wrote:
On Aug 10, 1:08*pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's *what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. If you read carefully, you realize that he parsed: "the Baltimore Sun laid off 61 newsroom employees" into: "axing hundreds of employees" And of course, it's not mentioned that newspapers everywhere are in bad shape, readership is down, and the newspaper newsroom would be where you'd cut jobs. The "article" also fails to mention how many management jobs were cut during that layoff... that would be an inconvienent fact. It's also a fair bet that the bonuses are part of the manager's employment contracts. I know what they should do... break the management contracts, fire them all, and hire replacements at a much lower wage. That would be OK, wouldn't it? It is amusing to read the pro-union propaganda. |
The immorality of the private sector continues...
On Mon, 10 Aug 2009 15:36:31 -0400, NotNow wrote:
Just John II wrote: On Mon, 10 Aug 2009 14:39:57 -0400, NotNow wrote: Frogwatch wrote: On Aug 10, 1:08 pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. Harry wants NO checks and balances. He wants everything and anything run by the government. Some here are just the opposite. They don't want the government to put any restrictions on any company or entity. Both are very bad for the country for obvious reasons. I'm surprised. I've noticed no one here who wants not restrictions on any company or entity. Could you back that statement up at all? -- John H All decisions, even those made by liberals, are the result of binary thinking. Hell, it's the Republican mantra!!! Get government out of industry. Make the government quit restricting business. You said, "Some here are just the opposite. They don't want the government to put any restrictions on any company or entity." That was the statement in question. Can you back up that statement? -- John H All decisions, even those made by liberals, are the result of binary thinking. |
The immorality of the private sector continues...
On Mon, 10 Aug 2009 11:00:43 -0700 (PDT), Frogwatch
wrote: On Aug 10, 1:08*pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's *what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. And you'd prefer complete anarchy and no government at all. |
The immorality of the private sector continues...
jps wrote:
On Mon, 10 Aug 2009 11:00:43 -0700 (PDT), Frogwatch wrote: On Aug 10, 1:08 pm, H the K wrote: ...unabated, with another example of greedy corporate executives at a bankrupt company making a grab for big bonuses while axing hundreds of employees and freezing wages for many others. That's what the Tribune Co. executives are doing as the multimedia conglomerate sinks under the weight of $13 billion in debt incurred by its corporate leaders in 2007. And they want to keep the bonuses a big secret, the AFL-CIO reports. The company filed for Chapter 11 protection last December and, in its most recent action, is seeking court permission to dole out nearly $70 million in executive bonuses. The company also requested the court seal much of the request. The request was denied. The Newspaper Guild-CWA and the Teamsters, which represent employees at the Tribune-owned Baltimore Sun and WPIX-TV in New York, has asked the U.S. Bankruptcy Court in Delaware to block the company’s plan to pay up to $69.9 million in executive bonus this year, including $20.6 million to the 10 top managers (about $2 million each). Some 700 other managers would share in the bonus booty. While the Tribune Co. is coddling its execs and managers with bonuses, its attitude toward employees was starkly demonstrated in late April when the Baltimore Sun laid off 61 newsroom employees, one-third of its news-gathering operation. So HK wants state run media, no surprise there. And you'd prefer complete anarchy and no government at all. I just love it when pea-brain righties like Bilious Bill think they know what I want. My post was about the immorality of paying big bonuses to execs when you are laying off peons. |
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