Tribune Co. Lets Employees Know Exactly How Much Worthless Stock They Own - mediabistro.com: FishbowlLA
WWW.MEDIABISTRO.COM - Chief Administrative Officer Gerry Spector indicated yesterday in a memo about retirement plan changes that the Employee Stock Ownership Plan (ESOP) was going to be killed. Ed Padgett has posted the memo on his Los Angeles Times pressmen blog, and we found the following excerpt especially interesting:When we emerge from bankruptcy, we expect that the shares of Tribune stock held by the ESOP will...
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