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Tribune Co. agrees to pay former CEO up to $725K
Tribune Co., which is working to emerge from bankruptcy protection, has agreed to pay former CEO Randy Michaels up to $725,000 to settle a dispute over a bonus.Michaels had demanded to be paid a $900,000 bonus when he resigned 13 months ago. His resignation was triggered by reports airing Tribune Co. employees' complaints about allegedly raunchy behavior by Michaels and his inner circle.Tribune Co.
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