The New York Times Company is majority-owned by the Ochs-Sulzberger family through elevated shares in the company’s dual-class stock structure held largely in a trust, in effect since the 1950s;[118] as of 2022, the family holds ninety-five percent of The New York Times Company’s Class B shares, allowing it to elect seventy percent of the company’s board of directors.[119]Class A shareholders have restrictive voting rights.[120]
What you’ve written here is very misleading, bordering on incorrect, but does this distinction even matter? Both a singular billionaire and a collective of rich owners will manage the business to enhance their personal wealth, not for the common good of ordinary people. If Trump creates an incentive structure where businesses are penalized for going against his will, I think both types of management are rationally going to choose to obey him.
There needs to be a completely different type of management structure if we want leaders in the press to weigh things like the health of our democracy in their decisions.
https://en.wikipedia.org/wiki/The_New_York_Times#Organization
What you’ve written here is very misleading, bordering on incorrect, but does this distinction even matter? Both a singular billionaire and a collective of rich owners will manage the business to enhance their personal wealth, not for the common good of ordinary people. If Trump creates an incentive structure where businesses are penalized for going against his will, I think both types of management are rationally going to choose to obey him.
There needs to be a completely different type of management structure if we want leaders in the press to weigh things like the health of our democracy in their decisions.