The Tribune company, after its Chicago Tribune newspaper ripped AIG for its extravagant bonuses, received permission from a bankruptcy judge to award $13.3 million in bonuses:
Tribune Chief Financial Officer Chandler Bigelow III explained the rationale for the bonuses during an appearance in U.S. Bankruptcy Court on Tuesday, using an argument reminiscent of that used by AIG.
"We need to motivate and incentivize the key people who will implement change. These are really good people we're talking about. They're the best and the brightest in the company," Mr. Bigelow told Judge Kevin Carey.