The New York Times Has A New Unhappy Distinction

Business Insider ^ | October 28, 2010 | Joe Weisenthal

[redfog]

According to CNBC, the New York Times is now the smallest company in the S&P 500, clocking in with a $1.11 billion market cap.

[The Comedian]

What moronic, fraudulent analysis puts them at over $1B capitalization?

Who's doing their accounting, Tim Geitner?

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[reefdiver]

That black eye shot, I love Pinch. He’s done a better job of wrecking the paper than anyone could ever have hoped for.

[Grampa Dave]

In defense of Vanguard and others, they have to have Slimes stock in their S&P 500 index, mid cap index for until both drop more in value.

However, Vanguard in the past has owned a lot of Slimes and Compost Stock and other liberal fishwraps in non index mutual funds, while the stocks dropped rapidly in value.

For about a year I “managed” my wife’s 401K in a supposedly self managed 401k with Vanguard. They became restrictive re choices and when re trades after she rolled a fair size sum into Vanguard. There was no warnings about the restrictions.

The first problem was they had 6 figures of her 401K roll over for weeks and refused to allow invest it even in their basic money fund and wouldn’t let us nvest it in the funds we wanted to buy. I had to threaten SEC action to get it invested in their basic money fund. The other employees in her group with Vanguard management waited 6-8 weeks before VG acknowledged their roll overs. They lost about 2-3 % if their roll overs had been simply invested in VG’s S&P 500 fund when they were rolled over. VG’s hot funds were not available to the employees in her group.

VG’s restrictions got worse as the year went along. The final blow came when they demanded the head of her group approve my fund choices re buys and sells. Supposedly it was to protect my wife’s funds, which were about double the average increase ytd of the employees in her group with only a few choices.

When the VG nightmare ended, we rolled that part of her 401k into her Fidelity IRA. Again, I had to threaten alerting SEC when VG did its stalling trick in the rollover. Once the rollover was in Fido we could buy and sell Vanguard funds with no problems and their ETFs which were blocked to her and her group’s 401k’s. After a year, we had zero VG funds or ETF’s.