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Annnnnnd...Hiller's out at LAT

Discussion in 'Journalism topics only' started by westcoastvol, Jul 14, 2008.

  1. westcoastvol

    westcoastvol Active Member

  2. Birdscribe

    Birdscribe Active Member

    I can't define a corporate functionary and empty suit, but I know one when I see one.
     
  3. JayFarrar

    JayFarrar Well-Known Member

    Least. Surprising. News. Ever.
    This, coupled with the news out of Chicago, just indicates that more resignations are coming.
     
  4. WriteThinking

    WriteThinking Well-Known Member

    And, on a related topic, from the TellZell blog, which is a particularly angry and hard-hitting read today:

    http://www.tellzell.com/2008/07/black-monday.htm

    The couple of comments are worth noting, too. So bad, and sad.

    And I can't help but wonder what Hiller's severance package will be like.

    (Note: The bad link above is fixed two posts down. My apologies to all).
     
  5. SockPuppet

    SockPuppet Active Member

    Link to TellZell doesn't work.
     
  6. WriteThinking

    WriteThinking Well-Known Member

    Sorry, Sock...

    Try this one.

    http://www.tellzell.com/2008/07/black-monday.html
     
  7. SoCalDude

    SoCalDude Active Member

    Deleting the publisher's salary should save at least 10 jobs, even at LAT pay rates. (blue font)
     
  8. slappy4428

    slappy4428 Active Member

    first poster was right.. what about the WARN Act. Isn't that above and beyond the call for the severance package too?
     
  9. Joe Williams

    Joe Williams Active Member

    Figure this is a good place and time to remind us all about this guy, the former Tribune Co. CEO:

    Tribune’s FitzSimons Resigns As Zell Takeover Nears; Funding Not Yet Finalized
    By David Kaplan - Wed 19 Dec 2007 10:24 AM PST

    Tribune Company Chairman and CEO Dennis FitzSimons is expected to resign as early as today, according to the company’s LAT. The Chicago Tribune reports that the timing depends on the funding, which is going down to the wire. Lots more in extended entry…

    FitzSimons’ departure is not a surprise, as the company prepares to go private under new chairman Sam Zell by the end of this week. After 25 years at Tribune, FitzSimons could leave with $40 million, depending the timing of his exit. His severance package could reach $10.7 million, with stock options and restricted stock worth $6.9 million. FitzSimons could also receive a $4 million payment to cover his taxes on the rest of the package. FitzSimons, who became CEO in 2003 and chairman in 2004, also owned 498,202 shares as of March 31, worth $16.9 million at the price of $34 a share under the Zell buyout.
     
  10. FileNotFound

    FileNotFound Well-Known Member

    Is it just me, or is tellzell.com down?
     
  11. 2muchcoffeeman

    2muchcoffeeman Active Member

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