Charles Layton of American Journalism Review describes the private dinner meeting at the Ritz Carlton in San Francisco where money manager Bruce Sherman (pictured) told Knight Ridder’s board of directors that the company’s stock price needed to increase or they should sell the company. The article goes into detail about Sherman’s motivations, background, ideas about business — and what caused him to go to war with chief executive Tony Ridder. Sherman sees himself as an “activist investor” who isn’t afraid to push management around, according to Layton. The article also explains how Sherman is personally in a lot of trouble if KR’s stock doesn’t improve.

SF Press Club News

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