The Sulzberger and Newhouse Families.(Media)

The New York Observer (New York, NY) | December 18, 2006 | Copyright

Byline: Michael Calderone

In September, New York Times publisher Arthur O. Sulzberger Jr. embraced self-sacrifice. He and company vice chairman Michael Golden would renounce stock compensation this year and the next, he announced in a staff memo, with the savings (some $4 million, by Mr. Sulzberger's estimate) to go into a pool for employee bonuses.

Was it a gesture of responsible corporate governance at the Wall Street-battered media company, or of noblesse oblige? And how to tell the difference when the Sulzbergers are involved?

Such questions ...

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