Beleaguered by hedge fund shareholders angry at the dismal performance of the New York Times Company, Pinch Sulzberger has opted to nominate two new directors for the company's board. Unfortunately for him, the paper is already on the record savaging companies on whose boards these two directors have already served. The New York Sun has a brilliant editorial this morning pointing out Pinch's proclivity for hypocrisy:
One director worked for Wal-Mart, the other Chevron. What they have in common is making money, something the Times hates, except in their own case.