Word: dowes
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...says. “But it’s much trickier to eliminate indexes because the world market today is organized into indexes.”An index fund is a kind of mutual fund that is designed to match the stocks included in market indexes such as the Dow Jones Industrial Average or the S&P 500.While Campbell says he might support divestment in “rare cases,” he cautions against divesting from holdings in indexes that invest in Sudan-linked firms.“I think we should be very careful about how difficult...
...Bancrofts have held a controlling stake in Dow Jones ever since. Jane's husband Hugh Bancroft was company president for a time, but since his death in 1933, the family has mostly kept its hands off. "I want you to do what's best for the company," Jane reportedly told her husband's successor, reporter turned manager Casey Hogate. "Don't you and the boys worry about dividends." The modern, globe-spanning Journal was thus built by "the boys" from the newsroom while the Bancrofts stood benignly by (though they did, as the Journal returned to health after the Depression...
...surely heard, the three dozen cousins who have a hand in voting the shares inherited from Jessie Barron face a momentous decision. Rupert Murdoch's News Corp. has offered to buy them out at a staggeringly high price--$60 a share, or 75% higher than the market was valuing Dow Jones before the offer. The Bancrofts' initial answer was no, but there is disagreement within the family. If Murdoch ups his bid, anything could happen--and the current betting on Wall Street is that something will...
...money while attempting to resist its pressures. At the New York Times Co., the Sulzbergers own 19% of the company but control 70% of the voting power. At the Washington Post Co., the Grahams own close to 40% of the company and get about 75% of the votes. At Dow Jones, the Bancrofts own 25% of the company and get 64% of the votes...
That's the case at Dow Jones. A decade ago, two of the younger Bancroft cousins began agitating for more shareholder-friendly management. They've gotten their way, to an extent. For the first time since Hugh Bancroft, the company has a CEO who didn't rise through the reporting and editing ranks. But the stock continued to flounder until Murdoch came along with his hugely attractive offer...