Friday, October 21, 2005
Is it Time to Replace "Pinch" ?
The New York Times has another bad day stock wise.The Times isn't that far away from having lost 50% of its' value since June of 2002.Is Pinch Sulzberger the right man for the job? It doesn't appear so,at least based on the dismal stock price.The NYT rails against CEO's being overpaid.Couldn't you say that about Pinch? Pinch's pay is pretty generous for a company in decline. Pinch knows how to sell stock high.What does he know that others long the stock in the 40's didn't??