AJR  Letters
From AJR,   February/March 2007

Threatening Times   

Per the attack on the Times' two-tier stock policy: I shake my head at these brilliant investors who buy stock and then try to change the rules (Full Court Press, December/January, and Challenging Times). Investor Bruce Sherman, who owned less than 20 percent of Knight Ridder, forced it to sell itself. The company--very profitable, actually--wasn't making "enough" to suit him. This is the New Breed of Capitalist. They want to rake in the rewards but won't accept the risks of the marketplace. They are cowardly, despicable and are wrecking the industry, which they want to use as a cash cow.

Stu Bykofsky
Philadelphia Daily News
Philadelphia, Pennsylvania