tronc
Noun
Meaning
tronc (plural troncs)
(Britain) A monetary pool, in which tips are collected and later shared out between all staff, e.g. in a restaurant.
Anagrams
Examples
Grant Whitmore, the Tronc exec who fired more than 50 Daily News staffers on Monday, isn’t letting their unemployment dampen his upcoming wedding celebration.
He’s among several Tronc executives whose compensation packages total in the millions of dollars a year, with Dearborn leading the way at $8.1 million, according to the SEC.
On the news, Tronc is trading up 22% as I write this (07:35 PST).
It is also a fact that all four tronc Guild-represented newsrooms receive a level of benefits that is different, and not always better, than our non-union employees.
Levinsohn, the new publisher, had been consulting for Tronc for the past year, and the Times story says that when it became clear that company executives wanted to make big changes at the Times, he put his own name forward.
Like D'Vorkin, she will move into some kind of unspecified corporate role with Tronc.