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Duly Noted
Swashbuckler Scott Galloway Inching Into NYT Boardroom

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The reign of the "Muffkateer" over the New York Times is nigh! According to papers filed yesterday with the SEC, the two hedge funds fighting for four of the 13 chairs on the board of the Times Company have succeeded in amassing 19 percent of the company's common stock—nearly four times the 4.9 percent stake the funds had acquired just a month ago.

The two hedge funds, Harbinger Capital Partners and Firebrand Partners, are both commandeered by current NYU prof Scott Galloway, better known to his ZBT frat bros at UCLA as "The Snatch-Buckler," "The Vagilante," and "The Trim Reaper." (A student of his at the Stern Business School knows him simply as "jackass.")

Galloway and three other Harbinger associates are looking to secure seats on the board based on their contention that the Times' bottom line would be better served if the company started investing more in the Internet and selling off smaller assets, which actually seems to make sense. The same can't be said of Galloway's turn down the catwalk in a 2006 fashion show sponsored by Johnnie Walker.

A Times spokeswoman noted that members of the nominating and governance committee have yet to meet with Galloway, but if the phrase "Trim Reaper" ever comes out of a Sulzberger mouth during the screening process, our job here is done.

By Neel Shah   02/26/08 1:50 PM
Related: Arthur Sulzberger, Duly Noted, Media, New York Times, Scott Galloway
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