Friday, February 22, 2008

Can you imagine the outrage?

Investor Group Ready For New York Times Proxy Fight

The Times has fended off activist investors in the past, including an attempt last year by Morgan Stanley Investment Management to eliminate the dual-tiered share structure and separate the roles of Times Chairman and Publisher Arthur Sulzberger Jr.

If the New York Times were just some other publicly owned company, can you imagine what their editorial policy would be regarding a company that had this type of two-tiered share structure that kept shareholders from exercising control of the company?

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