Forbes.com columnist Gary Weiss writes on his blog that former Dow Jones & Co. CEO Warren Phillips’ letter to the New York Times criticizing business section columnist Joe Nocera for his analysis of the company’s management is laughable and sad.
“I mean, the stock has been in the toilet for seven years, for heaven’s sake. That’s what made the company vulnerable to a takeover in the first place. Not a word about that.”
Later, Weiss noted, “While I’m sympathetic to the company’s fight for independence, lets not kid ourselves that this was a well-managed company from a financial standpoint. That is why it is a shame that this is a public company, as I pointed out in my Salon article.”
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