Roger’s Rules

By Roger Kimball

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Encounter bids The New York Times farewell

June 25, 2008 - 6:20 am - by Roger Kimball
John Ettorre
2008-06-23 10:36:18

The stockholders don’t matter a bit, because a single owning family holds a majority of the voting rights and operates this crucial institution as a public trust, and has for over a century. The company is making plenty of money overall, enough to have just built a gleaming headquarters. It just isn’t making enough to satisfy soulless capitalist sharks. But as we just stipulated, their opinion doesn’t really matter in this case.