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NYT has a split stock structure. Carlos Slim's stake affords him basically zero sway in NYT's affairs. Even owning ALL of the public stock still wouldn't accom
by volkl48 9y ago
NYT has a split stock structure.
Carlos Slim's stake affords him basically zero sway in NYT's affairs. Even owning ALL of the public stock still wouldn't accomplish that.
The founding family has a majority (70%) control of the board through the rights of the class B shares they hold, and as such are beholden to no one.