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Mismanagement At The New York Times

The New York Times Company (NYT) isnt just reporting the news its making the news. At yesterdays annual meeting, shareholders withheld 28% of their votes for the four directors elected by holders of the companys common stock. Nine other directors are elected by holders of the Class B shares, effectively granting control of the company to a group holding less than a 1% economic interest in the business. Most of the large newspaper companies have not done a great job o...

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Business News Comprehensive Information Site

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