Monday, August 14, 2006

The liberal's George Bush

What do you do when the family business is tanking? Build a new $850 million headquarters, pay premium for a lot of new businesses you don't understand, and, for good measure, jack up your salary by a couple of million, while the stock loses half its value and multiple mismanagement scandals erode the good-will capital that the family had been built up over more than 1o0 years. That's the recipe of NYT publisher Arthur Sulzberger.

Nobody can make a mess of things quite like a not-so-bright rich-kid baby boomer who inherited his job.