New York Times seeks bullshitter

Frantic New York Times upper management are scrambling to find pr crisis experts to help them talk their way out of a shit storm brewing over their heads. Shareholders are angry at the sinking stock price and the huge salaries of top execs like Chairman Arthur "Pinch" Sulzberger Jr. and CEO Janet Robinson who pocketed roughly $2 million. The paper is so desperate that it contacted Knight Ridder for advice. Knight Ridder put itself on the block after facing serious pressure from shareholders. Is it safe to say that the New York Times may be considering a move similar to Knight Ridder's? Morgan Stanley's investment arm, a longtime shareholder of The Times with a 5 percent stake, blasted management for the executive compensation and for failing to address the company's woeful stock price. It also called for an end to The Times' two-tier stock system, which it said "fosters a lack of accountability." More....