New York Times: subtracting Sulzbergers

Directors of the New York Times emerged from Tuesday’s annual meeting with the support of a majority of the newspaper publisher’s shareholders. That must have been a relief for chairman Arthur Sulzberger Jr. The company was, after all, braced for a lashing from investors, who’ve seen the stock halved over the past five years. So getting 58% of Times owners to vote in favour of keeping directors like former Gillette boss James Kilts on the board was a victory, right? Not so fast. The headline nu...