Thursday, November 24, 2005

Greedy Corporate CEOs Like FitzSimmons and Moreno Besmirch The Holidays

In his excellent column this morning in the L.A. Times Business section, Michael Hiltzik estimates that the Times profit last year, based on operating revenues of more than $1.1 billion, "could have approached $200 million."

And yet the greedy CEO of the Tribune Co., Dennis FitzSimmons, ruined the holiday season for numerous Times employees by ordering layoffs to increase these already bloated profits.

May a bitter liquid flow through FitzSimmons' turkey today. May his cranberry sauce turn sour, may his pumpkin pie be rancid.

But FitzSimmons is by no means the only plutocrat to be afflicting Southern California in this holiday season.

The owner of the Anaheim Angels (I use their proper name), Arte Moreno, has been threatening to take the team and move it elsewhere if the lawsuit Anaheim filed to enforce its contract on the Angels' name goes on.

"If this gets into appeals court, somewhere along the line you have to think about whether you're gone,' this squalid little jerk told Bill Shaikin, a sportswriter for the Times. The story about his remarks ran Tuesday, Nov. 22, the anniversary of the day another backstabber, Lee Harvey Oswald, assassinated President John F. Kennedy.

The fathers of the city of Anaheim probably should say good riddance. I always thought losing professional football was one of the best things that ever happened to Los Angeles, and, rather than let this loser continue to rant and rave and exploit Anaheim's hospitality, why not just tell him to pack up and be gone by tomorrow.

Fallujah, Iraq, would be a good next home for Moreno's team. He is more sensitive, of course, than the terrorist, al-Zarqawi, but his team might do well in the city.

It is testimony to the failings of our lethargic justice system that Anaheim's suit was not adjudicated long ago, with Morino ordered to repay the $20 million Anaheim paid for stadium renovactions and to forfeit all his interest in the team as punitive damages.

Why does this area need professional teams at all when we have both USC and UCLA?

It is high time in this country that we make these corporate honchos behave or pay the price. Now, stripping them of their possessions would make for a glorious Thanksgiving.


Anonymous Anonymous said...

I hope your Thanksgiving was a day to rejoice with your family? Many of us still working at the newspaper spent the day producing Friday's paper.

The mood in the pressroom is not a happy one, no one knows if they will be employed after the first of the year? On December 5th we will know who stays at the Los Angeles Times and who goes. I'm hoping I'm leaving, have had enough stress to last a lifetime the past few years.

What goes around, comes around.


11/25/2005 12:09 AM  
Anonymous Anonymous said...

As long as executives to managers are rewarded with stock options and employees are encouraged to purchase stock, that will be the focus...stock prices. Pay executives the exorbitant salaries they desire in dollars and they won't care so much about stock prices.

11/25/2005 10:34 AM  

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