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Default 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.
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Posts: 1,525
Default 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.
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Default 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.
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Default 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.
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Posts: 1,099
Default 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.


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Default The immorality of the private sector continues...

In article ,
says...

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.


According to Air American and the DNC.. I am sure. But really, most of
us are in favor of most of the regulation in vital industries like
banking and petrol... We have had controls for generations on them... We
just don't need control of our health care, car choice, belief choice,
etc...

--
Wafa free since 2009
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Default 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.
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Default 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.
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Default 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.
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Default 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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