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Dual class, indeed, at the NY Times



It's an irony worth cherishing that the New York Times's business section (which sometimes can come across as an editorial page dressed up as a business section) has decided to promote as its favorite cause "shareholder democracy" in its most simplistic form, even as the number one example of the blatant flouting of shareholder-democracy principles remains...the New York Times Company itself, with its Class A and Class B stock. Larry Ribstein here and here, and Prof. Bainbridge here, offer different takes on this paradox.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.