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...first company on the list is The New York Times (NYT). It has been clear for over two years that the newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

...board only has to answer one question. With its shares at a multi-year low and trading almost 70% below where they were twelve months ago, why is the company still a conglomerate? The only answer to that is that the board and senior management have decided to keep it that way. It has become harder and harder to defend having entertainment, medical products, and jet aircraft manufacturing under the same roof with several risky financial services units. While the company's CEO has defended that point of view, it is hard to imagine why the board has supported...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

Even if it has to remain buried, anger is not far from the surface. A young woman standing outside the Lyudinovo emporium rocks her infant son's stroller and, looking around nervously, vents her worries. Prices keep going up, she complains, and she had to pay a $200 bribe to get her son into a local nursery. "You tell that to Putin and Medvedev," she fumes and then worries that she'll get into trouble for talking to foreigners...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...which Harvard allowed three unanswered first period goals.Yale enters the game having amassed 21 points in the ECAC standings, tied with Cornell at the top of the division. In a tight league race in which just three points separate the top four teams, a victory over the Crimson would keep Yale’s strong momentum alive.Yale’s previous three-goal effort set the tone for the game and prevented Harvard from defining the dynamic. Though the Crimson appeared to be mounting a rally in the second period, it was lack of focus and untimely penalties that...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Crimson Ready to Take on ECAC Top Dogs | 2/5/2009 | See Source »

...Half an hour away is Khao Yai National Park itself. Though it may no longer teem with tigers - except for the stuffed, moth-eaten relic languishing in the visitors' center - there are plenty of gibbons, deer and colorful birds to keep amateur naturalists occupied. The waterfalls are lovely, although the leeches are pernicious, particularly in the rainy season...

Author: /time Magazine | Title: Thailand's Wild East | 2/5/2009 | See Source »

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