Tuesday, September 16, 2008

Sam Zell=Gordon Gecko; Except For The Part Where He Bankrupts The Tribune

Maybe the Gordon Gecko comparison was premature. Zell is more of a Lex Luthor type.

Well Sam Zell is at it again. This time the real estate mogul is being sued by shareholders from the Chicago Tribune. The complaint alleges that:
"...since completing his takeover of the Tribune Company last December, Zell’s actions and public statements have damaged the reputation and business of the company. According to the complaint, through both the structure of his takeover and his subsequent conduct, Zell has diminished the value of the employee-owned company to benefit himself and his fellow board members."
A bad businessman and a dick? Sounds like a real American hero. It's hard to stay mad at this guy considering how the Cubs are doing. On the other hand, he has nothing to do with the current incarnation of this team. According to sources he is even trying to bring NQTC favorite Jay Mariotti on board at the Tribune. Gross. What a douche this guy is. Thanks to Ethan for the link.
Let's just say this plays right into the theory over at Cuban and The Cubs that Zell is not exactly an angel. They really hate this guy, by the way.

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