Feb
21
2010

When a Scandal Involves a Stockholder, NYT Takes a Pass

James Ledbetter (Big Money, 2/20/10) points out that Mexican media mogul Carlos Slim, the third-richest person on the planet and one of the New York Times' biggest stockholders, is a central player in a remarkable New York-based legal story–one that the Times has so far ignored. The story involves Slim's attempt to take over a loan that JPMorgan Chase made to a subsidiary of Grupo Televisa, Slim's major business rival–a deal that would have required Televisa to reveal virtually all its financial secrets. A U.S. federal judge in New York City held that JPMorgan was acting in "bad faith" and […]