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Sometimes Psychological Motivations Are Not That Complex

Posted by: Jon Fine on November 29, 2006

Hank Greenberg must be in need of some attention.

Let’s not forget that—how to put this?— you can’t put the Times in play, period. Or that Greenberg might be a little sore at how the Times covered certain aspects of his career.

My colleague Tom Lowry and I will be weighing in at greater length on this tomorrow (UPDATE: It’s here), but should you have access to, Jim Cramer sums it up nicely here. (I think this post sets a record for highest percentage of links behind a firewall. Sorry!)

UPDATE 11/30: Greenberg issues sorta-denial late afternoon of 11/29; his rep says he has “no present intention of significantly increasing his holdings.” WSJ has more backstory on his reaching out to Morgan Stanley’s John Mack, and interest in, oh, 17 or 18 more newspaper and media companies here—and, yes, that’s another firewalled link!



The media world continues to shapeshift as new forms arise and old assumptions erode. On this blog, Bloomberg Businessweek will provide sharp analysis and timely reports on the transformation of this constantly changing terrain.



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