[Billthedrill]

That $250 mil loan kept the NYT afloat, IIRC. The piper now needs to be paid. And if I had just provided what amounts to 50% of the company's worth I don't think I'd be satisfied with a minority position on the board.

This isn't going to turn the Times into an anti-American internationalist tool any more than it already is. Meet the new boss, amigos.

[okie01]

And if I had just provided what amounts to 50% of the company's worth I don't think I'd be satisfied with a minority position on the board.

I understand and agree with your position. But my recollection is that, when Slim originally made the loan, he was awarded Class A shares. Which, at the time, made me wonder...

Conceivably, there might be an unannounced understanding of some sort involving who gets to run what.

January 19, 2009 announcement

The article makes a distinction between common shares -- acquired by Slim -- and voting shares, owned by the family.