Tribune Co under Chief Executive Sam Zell has really loosened up in the past few weeks. Just think back to the April 1 Web site “redesign,” not to mention this subsequent so-crazy-it-was-surreal press release.
It’s all part of Zell’s goal of getting folks at the debt-riddled company not to take themselves too seriously, but someone forgot to tell the lawyers. Check out excerpts from the press release issued on Wednesday:
CHICAGO, April 23, 2008-Tribune Company today announced that Don Liebentritt has been named general counsel and that David Eldersveld, the company’s senior counsel/mergers and acquisitions, has been promoted to vice president/deputy general counsel and corporate secretary. Crane Kenney, who has served as Tribune’s general counsel since 1996, will step down to devote all his time to his duties as chairman of the Chicago Cubs.
Liebentritt is a senior advisor with Equity Group Investments (EGI), a private investment firm where he served as president from 2000 to 2005. He is also an officer and director of various private affiliates of EGI. Liebentritt will be responsible for directing all of the company’s legal affairs and will assume his new duties in mid-May.
Eldersveld, who joined Tribune in 2005, has been responsible for negotiating and managing the legal aspects of acquisitions, divestitures, joint ventures and other strategic investment transactions for Tribune and its business units. He will assume his new responsibilities immediately.