New York Times
At age 29, Goodale set up the legal department at the New York Times and subsequently became its first General Attorney in 1963. In 1964, the Supreme Court decided New York Times v. Sullivan 9-0 in favor of the New York Times, overturning a libel conviction and establishing the modern rules for libel for public figures.
In 1967, Goodale spearheaded the financial reorganization of the Times. He advised the Times' publisher Arthur Ochs Sulzberger to purchase Cowles Communications, a transaction that helped the Times regain profitability. He also conceived and implemented the stock structure which was used to bring the New York Times public, a structure that was later copied by the Washington Post and other media companies.
Read more about this topic: James Goodale
Famous quotes containing the words york times, york and/or times:
“The salary cap ... will be accepted about the time the 13 original states restore the monarchy.”
—Tom Reich, U.S. baseball agent. New York Times, p. 16B (August 11, 1994)
“New York is full of people ... with a feeling for the tangential adventure, the risky adventure, the interlude thats not likely to end in any double-ring ceremony.”
—Joan Didion (b. 1934)
“Politics at all times lead to bloody wars, and not only politics, but also religions as well as social and economic systems of all times are spattered with blood. Invariably the big ones devoured the little ones, and the little ones the tiny ones.”
—Friedrich Dürrenmatt (19211990)