To: Momaw Nadon
Is there any possibility that the New York Times could be bought out?
No. The New York Times Co.'s corporate charter assures that it will be controlled by the Sulzberger family in perpetuity. A buyout would not compensate them for that lack of control, as they'd only get paid out on their "economic" (as opposed to control) interest in the company. Moreover, important family members regard the Times as a public trust, and, more significantly, see work for the company as the only thing that spares their kids and grandkids from the curses that more or less uniformly afflict the idle rich by the third or fourth generation.
To: only1percent
No. The New York Times Co.'s corporate charter assures that it will be controlled by the Sulzberger family in perpetuity.Everybody has a price.
How much money would it cost to have the Sulzberger family change the New York Times Co.'s corporate charter?
19 posted on
10/27/2003 9:34:11 AM PST by
Momaw Nadon
(The mind is like a parachute. It doesn't work unless it's open.)
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