Saul Case

In 1980, Saul Steiberg showed a strong intention for a hostile takeover bid and failed to achieve it thanks to the Ochs Trust. The Ochs Trust made sure that the board-controlling Class B shares safely locked away in it.In 1968, NYT chairman Arthur Hays Sculzberger approved the New York Times Co. ' plan to go public. In 1968, NYT chairman Arthur Hays Sculzberger approved the New York Times Co. ' plan to go public. In this plan, it sold Class A shares on the AMEX. However, to preserve the Sulzberger family's control of the company, Class A shareholders were given the right to elect three of the company's nine board members, with the remaining six to be elected by the holders of Class B shares. In 1968, NYT chairman Arthur Hays Sculzberger approved the New York Times Co. ' plan to go public. In this plan, it sold Class A shares on the AMEX. However, to preserve In 1980, Saul Steiberg showed a strong intention for a hostile takeover bid and failed to achieve it thanks to the Ochs Trust. The Ochs Trust made sure that the board-controlling Class B shares safely locked away in it.the Sulzberger family's control of the company, Class A shareholders were given the right to elect three of the company's nine board members, with the remaining six to be elected by the holders of Class B shares.In this plan, it sold Class A shares on the AMEX. However, to preserve the Sulzberger family's control of the company, Class A shareholders were given the right to elect three of the company's nine board members, with the remaining six to be elected by the holders of Class B shares.