WBEZ | J.P. Morgan Chase http://www.wbez.org/tags/jp-morgan-chase-0 Latest from WBEZ Chicago Public Radio en J.P. Morgan taps former United CEO to head Midwest business http://www.wbez.org/story/jp-morgan-taps-former-united-ceo-head-midwest-business-87462 <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-June/2011-06-06/Glenn Tilton JP Morgan United_Getty_Brendan Smialowski.JPG" alt="" /><p><p>J.P. Morgan Chase is naming former United Airlines CEO Glenn Tilton as chairman of its Midwest business and a member of its executive committee.</p><p>Tilton will oversee the firm's regional charitable budget, coordinate regional government and public affairs initiatives and maintain relationships with elected officials.</p><p>United's former boss retired from the top spot at parent company UAL Corp. last October after its merger with Continental. Before his time at United, Tilton spent 32 years with oil giant Texaco. He's also a director on the boards of Abbott Laboratories, Corning Inc. and Northwestern Memorial Hospital.</p><p>Tilton succeeds Bill Daley, brother of former Chicago Mayor Richard M. Daley, who left J.P. Morgan Chase this year to become White House chief of staff.</p></p> Mon, 06 Jun 2011 16:00:00 -0500 http://www.wbez.org/story/jp-morgan-taps-former-united-ceo-head-midwest-business-87462 Tribune Co. creditors begin bankruptcy court fight http://www.wbez.org/story/bankruptcy/tribune-co-creditors-begin-bankruptcy-court-fight <p><p>Creditors of the Chicago-based Tribune Company began battling it out in bankruptcy court in Delaware today. The bankruptcy judge will decide between two competing reorganization plans submitted by creditors. &nbsp;<br /><br />No matter which plan wins, the company will eventually be owned by a group of lenders that financed Sam Zell&rsquo;s buyout in 2007. That group includes J.P. Morgan Chase. &nbsp;<br /><br />Media analyst Ken Doctor says once the lenders are in charge, they&rsquo;ll focus strictly on the bottom line. &nbsp;<br /><br />&quot;This is like buying a razor blade company that&rsquo;s been on hard times,&quot; Doctor said. &quot;We can buy it cheap, we can pretty it up and then we can sell it for more than we paid in three years.&quot; <br /><br />Doctor says the new owners will likely try to sell off some newspapers and broadcast outlets. He says they&rsquo;ll possibly try to merge the rest of the company with another media business to cut costs.</p></p> Mon, 07 Mar 2011 21:24:00 -0600 http://www.wbez.org/story/bankruptcy/tribune-co-creditors-begin-bankruptcy-court-fight