Tribune cuts back plan for management bonuses
Pressured by creditors and unions to reduce bonus payments, the bankrupt owner of The Times and the Chicago Tribune proposes a potential payout that could total $42.9 million if performance targets are met. Under pressure from its creditors and unions, bankrupt Tribune Co. agreed to cut back on the bonuses it would pay under its proposed 2010 management incentive plan.
Also tagged 42-9-million, and-unions-, chicago, chicago-tribune, creditors-and, cut-back, its-creditors, pressure-from, proposed-2010, targets-are, the-bankrupt, the-bonuses, tribune