Posts tagged Chicago

• Cardinal George "Embarrassed" of Obama Speaking at Notre Dame, But Indifferent to Clergy Abuse Matters?

  Paul Kiesel | April 02, 2009 3:16 PM | 4 CommentsLos Angeles, CA Category: Miscellaneous
  

  Cardinal Francis George, Chicago's eighth Archbishop, is ripping Notre Dame for inviting President Obama to speak at the school's commencement. From The Huffington Post: [. . .] Cardinal Francis...

• Ford's ESOP Problems are Beginning to Look a lot like the Tribune Co.'s ESOP Problems

  Paul Kiesel | January 06, 2009 3:33 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Just before the end of last year, Ford Motor Company moved to dismiss a case brought by participants of Ford's employee stock ownership plan (ESOP) on the ground that participants failed to state a...

• Tribune Employees Should Come First in Bankruptcy Court

  Paul Kiesel | December 19, 2008 8:51 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From MarketWatch.com: The following is an official statement from Teamsters General President James P. Hoffa. When billionaire Sam Zell took Tribune private in an overleveraged, doomed deal...

• The New Yorker: What was Sam Zell Thinking and Why?

  Paul Kiesel | December 16, 2008 8:07 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Below is an excellent essay from The New Yorker, which I've broken up into five parts or five reasons. Each reason provides further evidence as to why Sam Zell should have NEVER brokered the...

• Zell to Chicago Tribune: Employee Owners Could be "Wiped Out"

  Paul Kiesel | December 15, 2008 4:05 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Shortly after filing for bankruptcy protection, Sam Zell told the Chicago Tribune, last week, that he believed the Tribune Company could emerge from the Chapter 11 process stronger and more...

• BusinessWeek: Tribune Bankruptcy Snares Employees

  Paul Kiesel | December 11, 2008 7:05 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Below is a BusinessWeek article describing the myopic vision Sam Zell had when purchasing the Tribune Co. with little of his money and saddling the Employee Stock Ownership Program (ESOP) with...

• Sam Zell the Grave Dancer: A Plan to Devalue the Tribune Co. in a Plot to Take Over Its Assets

  Paul Kiesel | December 11, 2008 4:55 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  A letter was written by Sam Zell to Tribune Company employees earlier this year discussing the value and intelligence behind the Employee Stock Ownership Program's (ESOP) private transaction of...

• Tribune Company Under Investigation for Potential Violations Involving the Company's Employee Stock Ownership Plan

  Paul Kiesel | December 10, 2008 9:47 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  An investigation is currently being conducted to ascertain whether the Tribune Company and the Employee Stock Ownership Plan's (ESOP) fiduciaries may have breached their fiduciary duties of loyalty...