When you go public (with corporate stock ownership), you lose control of your destiny

Will Knight Ridder on its tombstone have the words "Bagdikian was Right?"

BUZZ MERRITT: As far as Knight Ridder was concerned, that die was cast in 1969 and 1974 when they went public with just one tier of stock. If you want to have somebody quoted on the tombstone, you would have to say Jack Knight was right, who said in 1969 that when you go public, you lose control of your destiny.

http://www.onthemedia.org/yore/transcripts/transcripts_031706_knightmove...

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