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
Pat
2008-06-23 10:47:30

Wow. Is that the official position of the NYT Corporation? “The stockholders don’t matter a bit”?

So this company is perfectly happy to take the investors’ money, after which it says, “Screw you! We’re going to do whatever we want, even if it flushes the value of your stock down the toilet and drives the business into bankruptcy. But thanks for your money, sucker!”

And you call us soulless capitalist sharks.