If the editors did a better job of forcing the reporters to produce news instead of nonsense, the pressmen and truck drivers wouldn't have to worry so much about their jobs. But, true to form, the Times lists the jobs in the reverse order of relevance.
America's little people always end up paying for the many mistakes of supposed bighearted leaders.
Very few in the industry, either on the news side or the business side, seem to believe that public ownership is worth the grief, at least in the current climate.
Supposed bighearts seem less than generous in wanting to change their side of the deal after convincing hard working Middle Americans to trade cash savings for pretty certificates.
In the spring of 1971 Fritz Beebe, a former partner in the New York law firm of Cravath, Swaine & Moore, and chairman of The Washington Post Company, approached the owner, Katharine Graham, with a dilemma. The company, Beebe said, was running out of money. Over the years the Post had been fairly generous in granting stock options to favored employees, and the cost of buying out those options had put the company in a bind.