Counting the Wrong Beans

摘要

The stock market roared its approval when Mark Willes, the recently installed chief executive of Times Mirror Co., closed the company's New York City newspaper, New York Newsday. The move, followed by Willes's announcing further cost-cutting and a big stock buyback, sent Times Mirror stock up sharply last week, adding $650 million to the company's market value. All that was missing was a ticker-tape parade down Wall Street in Willes's honor.