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Tribune Publishing CEO could get $2M if things don't work out

Jack Griffin

Jack Griffin, Tribune Publishing Co. LLC’s chief executive, could earn as much as $3.5 million annually, and could be owed $2 million if he quits or is fired after a sale of the company, chicagobusiness.com reports.

The former Time Inc. CEO will be paid a $1 million salary, the same amount as a bonus, and a $1.5 million stock award each year under an employment agreement.

Griffin was picked last month to lead Tribune Publishing, the newspaper division of Tribune Co. that is expected to be spun off this summer.

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