Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, March 21, 2007

WSJ Highlights New York Times' Struggles with Shareholder Activist

In a front page story, the Wall St. Journal focuses on how the New York Times dealt with a shareholder's campaign to improve the financial performance and governance at the newspaper.  For almost two years it rebuffed him, but finally Hassan Elmasry, a portfolio manager at Morgan Stanley with a 5% stake in the paper, got to meet with the full Board of Directors to discuss his recommendations for improvement.  Other companies watched and learned.  See WSJ, How a Money Manager Battled New York Times .

http://lawprofessors.typepad.com/securities/2007/03/wsj_highlights_.html

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