In the Matter of Their Missing Bonuses, Retired McClatchy Executives are Waiting to See the First Penny

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You may recall a sidelight to McClatchy’s march to bankruptcy in early 2020. The company started the year by abruptly revoking supplemental executive pension bonuses it had been paying top-level retirees.

Naturally, the affected former executives were not happy. They hired lawyers and fought back. They got a seat on the creditors’ committee as the bankruptcy reorganization wound its way through federal court.

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