Vice Roasted for Paying Execs up to $900K Before Filing for Bankruptcy
A reporter for Vice Media Group blasted the company for dishing out massive salaries to executives as the once-high-flying firm staggered toward bankruptcy — yet can’t spare a dime for him to pay for court records.
Joseph Cox, a senior staff writer for Vice-owned tech site Motherboard, tweeted screenshots from from documents filed by Vice in its bankruptcy proceedings listing its payments and transfers to top brass for the year before the media company filed for Chapter 11 protection in May.
“Today at Vice I was unable to pull a court record, which costs 10 cents, because the company isn’t paying bills,” Cox wrote Monday. “Meanwhile so many execs, some which led Vice to bankruptcy, make $700-900k, including bonuses at the time VICE laid off much cheaper workers. It’s worse than I thought.”
Last month, a fund tied to billionaire George Soros and SoftBank-owned Fortress Investment Group — Vice’s main creditors — won control of the company, which at its peak was valued at $5.7 billion.
According to the court documents, which the Post reviewed, Jesse Angelo, Vice’s former global president of news and entertainment, pulled in compensation totaling $815,254 between May 2022 and May 2023. (Read more from “Vice Roasted for Paying Execs up to $900K Before Filing for Bankruptcy” HERE)
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