Monday, October 18, 2010

News Alert: Tribune Board Said Ready to Oust Chief Executive

Breaking News Alert
The New York Times
Mon, October 18, 2010 -- 11:39 PM ET
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Tribune Board Said Ready to Oust Chief Executive

The board of directors of the Tribune Company is expected to
ask Tuesday for the resignation of Randy Michaels, the
controversial chief executive of the company, according to a
person directly involved in the matter.

The individual, who spoke on condition of not being
identified, said the board had lost confidence in the ability
of Mr. Michaels to lead the troubled company. Mr. Michael's
resignation would follow by days the exit of another top
executive at the media company, Lee Abrams, Tribune's chief
innovation officer, who resigned on Friday after sending a
sexually explicit memo to the entire company.

Read More:
http://www.nytimes.com?emc=na

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