Sulzberger's Address to NY Times Shareholders 4-24-07
42 Percent of NYTimes Shareholders Withhold Their Votes in Symbolic Protest
Led by Morgan Stanley, 42 percent of NY Times shareholders withheld their votes in a symbolic protest against management at today's annual meeting. A Morgan Stanley analyst has criticized the NY Times recent investment in a new central office building and it's purchase of an Internet company. The Times's stock has lagged the market in recent years. The dissidents also object to the dual shareholder voting structure which guarantees control of the newspaper to members of the founding family. The Washington Post and the Wall Street journal have a similar dual shareholder voting structure. Here's the NYT coverage of the meeting.
CEO, Arthur Sulzberger, Jr's address to the shareholders is linked below.
Sulzberger Address to Shareholders
More by this Author
The best approach to improving motor vehicle fuel economy may be to apply a ehicle weight tax. This tax could be tapered in over a 5 to 10 year period with the effect of roughly equalizing the fuel cost per mile in the...
Staph Infections Patients who have sores that will not heal or that are filled with pus should see a doctor and ask to be tested for staph infection. They should not squeeze the sore or try to drain it--that can spread...
Unemployment Compensation--Tips for Claimants The purpose of this document is to provide information which may be useful to individuals who have found themselves in the unfortunate situation of losing their jobs and...
No comments yet.