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  • The Five Dumbest Things on Wall Street This Week (NY Slimes is #4)

    04/21/2006 7:30:48 AM PDT · by Grampa Dave · 34 replies · 1,402+ views
    The Street.com ^ | April 21, 2006
    Opinion: The Five Dumbest Things on Wall Street This Week 4. Penny Ante The New York Times Co. (NYT:NYSE - commentary - research - Cramer's Take) is feeling the pinch of aggrieved shareholders. Big investors took a shot across management's bow this week by withholding 28% of votes from the company's board slate. A 5.6% holder, Morgan Stanley Investment Management, wants to eliminate the Class B stock that gives the Sulzberger family control of the board despite its tiny financial stake. "MSIM believes that the dual-class voting at The New York Times Company, which is an exception to the general...