Browsing: Business

In 2016, Michael Ferro, a tech entrepreneur and former owner of the Chicago Sun-Times, became Tribune Publishing’s largest shareholder and nonexecutive chairman. He briefly named the company Tronc, and when newspaper chain Gannett made an unsolicited — and ultimately unsuccessful — bid to buy Tribune Publishing, Ferro recruited Soon-Shiong to help fend off the hostile takeover, with Tribune selling him 4.7 million newly issued shares at $15 a share.

Steve Easterbrook, then CEO of McDonald’s Corp., speaks June 4, 2018, at the grand opening of McDonald’s headquarters in Chicago. McDonald’s executives may face tough questions about Easterbook’s dismissal at the May 20, 2021, annual shareholder meeting. (Stacey Wescott / Chicago Tribune)