Feder: Ex-tronc chairman Ferro gets $15 million consulting fee in one lump sum

Updated 5/10/2018 7:08 AM

Tronc disclosed Wednesday that it paid out former chairman Michael Ferro's entire three-year, $15 million consulting fee in a single payment, Robert Feder writes. Ferro abruptly resigned as chairman March 18 -- hours before he was accused of sexual misconduct by two women in a Fortune magazine story. Get the full report and more Chicago media news at robertfeder.com.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.