Pittsburgh Tuesday takes
Cut, cut, cut?: A source close to incoming Heinz CEO Bernardo Hees says he'll “be aggressive, move fast and cut deep” when he takes the reins of the newly privatized food conglomerate. And it's easy to see why — the $23 billion takeover leaves Heinz with a whopping debt, “about 10 times its annual $2 billion in earnings before interest,” reminds the New York Post.
Johnson's payday: If current Heinz boss Bill Johnson indeed leaves the company, he'll be paid about $212 million. It's considered one of the largest deals since IBM CEO Sam Palmisano took his leave last year. About $57 million of Mr. Johnson's parting gift is considered a “golden parachute” — money paid if he's replaced. That's a lot of ketchup.
Harper's payday: Disgraced former Pittsburgh police Chief Nate Harper, who's expected to plead guilty to federal corruption charges, walked away with nearly $100,000 in accrued vacation and sick pay (in addition to longevity pay) when he was forced from his position. And it's all perfectly legal for Mr. Harper to do so. Don't try this in the private sector. Actually, you likely couldn't, where “use it or lose it” is the growing standard.
Arare birth: The last time it's believed to have happened, the United States still was a fledgling republic, Pittsburgh was known as the birthplace of the steamboat and “steel” was a foreign word. For the first time in 200 or so years, a bald eagle has been born within the city limits, in Hays. And that's a testament to the city's ecological health.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Greensburg Tuesday takes
- Pittsburgh Tuesday takes
- ‘Canary in a coal mine’: The SSDI dilemma
- Alle-Kiski Tuesday takes
- U.N. Watch: The Gaza follies
- A school choice victory: Follow the child
- Alle-Kiski Laurels & Lances
- Pittsburgh Laurels & Lances
- Silencing whistle-blowers
- Mon-Yough Laurels & Lances
- Judgment calls