Tribune Settles Pay Dispute With Ex-CEO Randy Michaels

Law360, New York (November 22, 2011, 11:06 PM EST) -- Bankrupt Tribune Co. agreed Tuesday to pay former CEO Randy Michaels up to $725,000 to settle his claims that he was entitled to his share of a $43 million bonus package for executives approved by a Delaware bankruptcy court last year.

In a motion requesting approval of the settlement, Tribune said it had agreed to pay $675,000 plus up to $50,000 in attorneys' fees to Michaels, who resigned in October 2010 amid accusations that he condoned a hostile, sexist workplace.

Following his resignation, Michaels alleged claims...
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