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Tribune Co. preparing to print in red ink, according to WSJ

Discussion in 'Journalism topics only' started by DanOregon, Dec 7, 2008.

  1. BTExpress

    BTExpress Well-Known Member

    The stock was sold soon thereafter, and the money was placed in the 401(k) wherever the employee dictated that it be placed.

    I instructed my portion to go into a money-market fund (thank fucking goodness, given the market). It's why my retirement is only down 15% this year instead of 35%.

    There was, actually, a better time to get out, though. About 2-3 years ago, Tribune allowed employees to begin moving ESOP stock into their other 401(k) retirement funds. Had I taken my ESOP at the time and moved it into a money-market fund, I would likely be looking at a $400,000 401(k) instead of $250,000.
  2. Birdscribe

    Birdscribe Active Member

    At least, BT, you got out of that ESOP stock.

    That would have been carnage.
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