How much incentive do you need to do your job? A living wage and a strong work ethic is enough for most of us. Not Tribune Co. management, who apparently need millions of dollars, in addition to their huge salaries.
Tribune executives have asked the bankruptcy court to approve continuation of their management incentive plan, which could pay up to $42.5 million in bonuses to 640 employees. This comes just weeks after another round of newsroom layoffs at the Tribune-owned LA Times. Further layoffs in the paper’s Operations departments are coming any day now.
The company told the court that the plan is “critically important to maintain proper incentives for the management team.” Because simply doing a good job for a good salary isn’t motive enough?