At first glance you’d think it was outrageous that, while the Tribune is in bankruptcy since 2008, it still wants to pay its executives and managers $40 million in bonuses. But after a closer look, I get upset at the writers in the media who portray the story in that Marxist tone- and they don’t even ask the right questions. The untold fact is, those exec’s earned that money by increasing the Trib’s cash flow from 492 million in 2009 to 685 million in 2010. They made the company an extra (almost) 200 million, so why shouldn’t they get a little cut? The other elephant in the room is- how much do they actually owe their creditors? Continue reading »
Nov 112010