By the time coffee arrived, a decision was made to issue a news release the next morning to announce the buyout plan.
United has said it will sell assets and lay off workers to cut costs if the buyout plan fails.
Times officials said they expected that some news department employees would elect to leave under the buyout plan.
Faced with company plans to lay off 10,000 workers last year, the union agreed to a buyout plan and voluntary retirement for more than 4,000.
Their plans were upset for a time by the rival offer to the buyout plan.
This buyout plan would cost virtually nothing, at least in its simplest version.
She offered a buyout plan for existing teachers with tenure.
Shareholders are to vote on the buyout plan at an August annual meeting.
The buyout plan projected that sales would reach $3.37 billion in the year ending May 31, 1988.
He urged them and their unions to begin to put together a buyout plan that would give employees a majority stake in the company.