Cut Jobs But Approve Bonuses??

The Chicago Tribune laid off 53 people from its newsroom staff, cutting about 11 percent of its overall staff. The Tribune continues to reduce staff and cut costs, saying they will begin to focus on local news.

Interestingly enough, this round of layoffs came as Tribune Co. asked a bankruptcy judge to approve over $13 million in bonuses for 693 managers.  How can a company justify rewarding management as their subordinates are sent packing?  Rather than awarding bonuses to those who still have a job, Tribune should be dividing that $13 million amongst those who have been laid off over the past year by the company.

Yet another case of the rich getting richer, and the poor getting poorer.

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