Hacker News new | ask | show | jobs
by volkl48 3252 days ago
NYT has a split stock structure.

Carlos Slim's stake affords him basically zero sway in NYT's affairs. Even owning ALL of the public stock still wouldn't accomplish that.

The founding family has a majority (70%) control of the board through the rights of the class B shares they hold, and as such are beholden to no one.