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 .
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