Tribune Boss Pocketed $23 Million Last Year
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Remember when Tribune filed bankruptcy and couldn't pay its bills?
Wasn't that long ago was it?
So, you might be surprised to learn that Tribune Media CEO Peter Liguori made $23 million bucks total compensation in 2014.
It was a big raise compared to 2013, when he pulled in a measly $8.8 million.
Tribune Media has done well since its split from the dying newspaper-focused Tribune Publishing.
Liguori's 2014 compensation included a salary of nearly $1.6 million, up from nearly $1.5 million in 2013. He got no regular bonus in 2014 after getting $1.75 million in 2013. But his stock awards rose from $4.2 million to $8.4 million, and his option awards rose from $1.2 million to $11.55 million.
Liguori also received non-equity incentive compensation worth $1.5 million. His "other compensation" of $10,400 compared with $141,822 in 2013.
"Mr. Liguori presided over our business transformation in 2014," the filing said in discussing his compensation. "Through Mr. Liguori's leadership, we achieved strong performance results, even while navigating the complexities of acquisitions, spinoffs and the company's registration on the New York Stock Exchange."
I'm sure the people working in the newsroom pulling down $29,000 a year are very happy for him.
