Tribune Company Bonuses to Managers

Los Angeles Times Pressmens 20 Year Club: Tribune Company Bonuses to Managers

Wake up, this is insane......"The payouts will be between $21.5 million to $66.7 million, with 9 of the top 10 executives dividing $3.1 million among themselves".

What the F**k is "Incentivizing"? Is that even a word? Did Tribune hire Don King and Mike Tyson to write their memos? I understand the corporate drive to dumb down America but give us a break!

Screw their incentives,the average Joe's and Jane's incentive is to keep their F****N jobs!

Maybe if this company was flourishing and making a profit consisting of new money, rather than by dumping their "partners" bodies by the road to save the overhead they were viewed as, the notion of bonuses would probably go un-noticed. But that is definately not the case here.

If Tribune was true to a "performance based" bonus system, the recipients would receive absolutely nothing because that is what has been done to turn this once great newspaper around, absoulutely nothing!

This kind of news should really piss off anyone that continues to work for Tribune as well as those that have become lay-off victims of Zell's "alledged" Partnership.

These bonuses should be viewed as ROBBERY! CUT,CUT,CUT, POCKET THE SAVINGS! It's no wonder why this company is in F****N bankruptcy. All these corporations tanking, filing for bankruptcy, laying off workers and then they have the f****n gall, with permission from the courts,to line their pockets with bonuses that were"alledgedly" earned prior to the bankruptcy. How the hell did they earn bonuses when the company continues to plummet, taking quality reporters and long time employees along with it?

If they did indeed earn these bonuses, explain how they earned the money they are due to receive. Has their contribution at least yielded profits exceeding the amount that will be going into their accounts? I doubt it!When the hell will all of the pompus, greedy, incompetents be forced to share in the misery they create instead of placing it on the backs of the hard working employees of the Los Angeles Times?

What happened to the "Partnership" you spoke of so many times Sam? I guess we're only partners when you're being sued! How could we not be when Tribune pays your legal expenses!

Sam, how's about sending some of that bankruptcy bonus dough down stream to the people who actually do the work. Did the ESOP Board Of Trustees ask the Employees if this was O.K.? What, they didn't?

I'm gonna go puke now, this makes me F****N SICK!

Employee B"owned" Since 2oo8.Zell Failing Properties, All Rights Reserved (for Mgt only.)

Six Pressmen Recalled To Work

There have been murmurings lately that there would be several of our brothers returning to work. Well, this week 6 people with the highest seniority of the 63 recently departed were notified by the company that their services are once again needed.

This was welcome news to those involved that I have spoken with.Our Local was officially informed by management last week that there would be a need to recall 6 pressmen at this time. the recall of the 6 is unprecedented considering no one has ever come back after being let go? This recall is a direct result of, and in compliance with the recall language of our contract. What would the company have been able to do had we not negotiated recall? Our contract guarantees recall for nine (9) months from the last day of employment. The current recall period for the remaining 57 expires in January 2010.

I am personally very happy for the 6 brothers that are being asked to return of which four have already responded to the company. The other two have until August 3,2009 to respond or the company has the right to go to the next name on the seniority list. That is why we have an "APB" out for Mike Norman, he is the only person we have yet to reach. Messages have been left and we were informed he is on vacation, so we will continue to attempt to notify Mike until we reach him.

The six returning pressmen are tentatively scheduled to return on August 24,2009. I hope to learn where these 6 brothers will be assigned and whether this will result in any transfers between facilities soon.We welcome the opportunity to print any product the company can negotiate to print and hope to see the return of many more, if not all of our brothers and sisters.

CONTRATULATIONSix!

President Pineda