Take Back the Times: Sam Zell Could Well Be Better Than FitzSimons

Take Back the Times: Sam Zell Could Well Be Better Than FitzSimons

It reminds me a little of the death of Stalin when I was 15 in 1953. There were observers who thought Stalin would be replaced by someone worse. I thought at the time it was unlikely that any successor would prove worse than Stalin, and I was right.

If FitzSimons goes, and he and his fellow executives take their $269 million in severance already set aside with them, the chance would be that Zell, or any other buyer except Rupert Murdoch, would prove better.