Today Is The 22nd Anniversary Of The Challenger Explosion | Main | Fake "Protestors" Do What Real Protestors Do Best
January 28, 2008

Proxy Fight At The New York Times

It looks like investors might be starting to get restless with the performance of Pinch Sulzberger.

Given the structure of the Times Company board, Pinch and his family are in no danger of losing control of the company but it seems that declining stock prices and lack of growth are starting to get the attention of investors.

Firebrand Partners' founder Scott Galloway said in his letter that he and Harbinger had no intention of changing the Times' two-class share structure, which allows the Sulzberger family to maintain control of the company.

But Galloway added that the current board, "while impressive in stature, has not been effective in inspiring the requisite bold action this media environment demands."

Galloway said in his letter that he wanted to meet with Times managers to discuss an "optimal capital structure" for the company and to find a way to transform the Times "from a low growth company to a robust firm that is both the newspaper of record and the most trusted starting point on the Internet."

Over the past 52 weeks it traded as high as $26.90 last February and as low as $14.01 last week.


Of course, a proxy fight made me think of the movie "Other People's Money" but I couldn't find a clip talking about that on Youtube. But below the fold is a great clip, mostly because Penelope Ann Miller looks really hot in it.

There are a few bleepable words, so use your judgment before playing it at work.

digg this
posted by DrewM. at 02:08 PM

| Access Comments

Recent Comments
Insomniac - Nowhere Man: "478 I hate those tablet in tanks things that turn ..."

Grump928(C) speculates: "It's a guy, with a small penis, which doesn't matt ..."

SarahW: "Me, I'm not ready to anchor on race or motive. I ..."

ace: "I also don't believe this "highly sophisticated" s ..."

prof disarray, gumdrop gorilla channel: "But, I guess it's remotely possible a bomber would ..."

Teresa in Fort Worth, TX: "Hello, Horde! ..."

Zits: "Distilled white vinegar in the wash. Clear it righ ..."

Jean: "This guy is working his way up to car bombs. What ..."

Aetius451AD Work Laptop: "461 They smelled a bit musty. Have to rewash. Po ..."

Insomniac - Nowhere Man: "LMAO. When did you get so funny? Don't go bad on m ..."

fluffy: "Evening, all ..."

tu3031: "Good news. Dropping the snow totals. Down from a f ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64