The Chicago Tribune‘s “Tower Ticker” blog is reporting Tribune Co. COO and Sam Zell pal Gerry Spector is stepping down at the end of the year. Chicago Tribune Media Group CEO Tony Hunter, LA Times publisher Eddy Hartenstein, Tribune Co. Chief Investment Officer Nils Larsen and Chapter 11 caretaker Don Liebentritt made a joint announcement yesterday.
“Gerry has been an important part of our success, and he has been a tireless champion of efficiency and innovation across the company,” the group said in a statement.
Don’t you just love that word efficiency? Which, ever since the advent of Reaganomics, is business speak for “layoffs.” We’re not just making that up. Given what the LA Times has been through in the past few years, doesn’t it make more sense? Spector was a “tireless champion of layoffs.”
Anyway, aside from laying people off, Spector also had an apparent fetish for Cosby sweaters. So, there’s that too.
What’s that saying about the door hitting something on the way out…?