Bankrupt Tribune to give bonuses to managers that drove Tribune into bankruptcy
“Let’s say that a group of corporate executives uses scads of debt to take over a struggling company, sells off some profitable assets, lays off thousands of employees while achieving miserable results,” David Carr wrote for The New York Times . “And then, less than a year after saddling the company with $8 billion in debt, they opt for bankruptcy.” Carr continued, “You’d expect them to walk the plank, or at the very least, spend a good stretch of time in the nau…
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