Sulzberger family owns 20% New York Times Co (NYT), but controls 70% of the cost through dual class share structure. In April, the 2006 annual meeting of shareholders, Morgan Stanley Investment Management (MSIM), and other investors, holding a 28% stake in the company as a whole, withheld their votes for 30% of the directors that they can vote in a protest against the Office of Arthur Sulzberger Jr. and a dual-class structure, which protects it. MSIM later submitted a proposal calling for the New York Times exposed the double-class structure of the vote. In assessing the proposals, Sulzberger feels torn his duties to three different groups: his readers, his family, and all the other shareholders NYT. "Hide
by Belen Villalonga, Chris Hartman Source: Harvard Business School 19 pages. Publication Date: March 30, 2007. Prod. #: 207113-PDF-ENG
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