Harbinger Capital, the investment firm that is trying to BUY THE NEW YORK TIMES, has formally proposed adding four directors of their choosing to the paper's board. The Times is all "no thanks we have plenty of directors guys!" but Harbinger will probably point out to the SEC that they own 19% of the damn company, just as much as the Sulzbergers. One of Harbinger's candidates, NYU marketing professor Scott Galloway, founded online retailer RedEnvelope, shares of which recently "sank to an all-time low." [AP, Earlier]

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