By: Joe Strupp The Newspaper Guild unit at The Baltimore Sun has filed an objection in bankruptcy court to Tribune Company plans to award some $69.9 million in bonuses to top executives, claiming the move is unfair to rank-and-file employees.
The objection was filed in U.S. Bankruptcy Court in Delaware on Tuesday, according to a copy of the motion.
It states: "the proposed bonuses to top executives are excessive and may, in fact, have a detrimental effect on motivating others who contribute to the bottom line. Indeed, the payment of disproportionate bonuses to a select group of executives may have the opposite effect on the rank-and-file employees."
Bill Salganik, president of the guild unit, said in an e-mail that the company's action is unacceptable: "If Tribune has $69.9 million available to spend, we think it would be better spent on providing more and better news and service for readers and viewers and advertisers. That would not only serve the public better, but would be better for the business in the long run."
A hearing on the Tribune request for the bonuses is set for Aug. 11. Tribune filed for bankruptcy protection last December.
Comments
No comments on this item Please log in to comment by clicking here