Trustee Blasts Bankrupt Tribune's Bonus Scheme

By James Armstrong

Law360, New York (March 18, 2010, 3:56 PM ET) -- The U.S. trustee for the bankrupt Tribune Co. is continuing her opposition to compensation plans put forward by the company, calling them excessive and criticizing Tribune's move to have bonuses paid as administrative expenses rather than as incentive plans.

Acting U.S. Trustee Roberta A. DeAngelis filed an objection Wednesday to Tribune's withdrawing a motion authorizing components of a 2009 management incentive plan currently before the U.S. Bankruptcy Court for the District of Delaware.

To the extent that Tribune intends to renew its request to have the...
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