24/7 Wall St.
07-26-2008, 03:20 PM
24/7 Wall St. Daily News
Back in March, The New York Times Co. agreed to give two activist hedge funds with a combined 19% stake in the company a pair of seats on its 15 member board of directors. I was skeptical, writing that Scott Galloway "won't be able to do much unless the controlling family decides it wants to make the changes he's suggesting -- and if they do, there's no need for him to be on the board!"http://feeds.feedburner.com/~f/typepad/RyNm?i=2WfFVJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2WfFVJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=ImLUnJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ImLUnJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=pzXj3j</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=pzXj3j)
complete story here... (http://www.247wallst.com/2008/07/the-new-york-ti.html)
Back in March, The New York Times Co. agreed to give two activist hedge funds with a combined 19% stake in the company a pair of seats on its 15 member board of directors. I was skeptical, writing that Scott Galloway "won't be able to do much unless the controlling family decides it wants to make the changes he's suggesting -- and if they do, there's no need for him to be on the board!"http://feeds.feedburner.com/~f/typepad/RyNm?i=2WfFVJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2WfFVJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=ImLUnJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ImLUnJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=pzXj3j</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=pzXj3j)
complete story here... (http://www.247wallst.com/2008/07/the-new-york-ti.html)