Session: 1234567891011121314151617         Page 266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319 of 824

background, this whole problem becomes sort of theoretical--you all know what's it all about, and you have a certain respect for it, and so on so on. If you got editorial background and you're a publisher or C.E.O., you know that one of your functions is to protect the editors. But if you don't have this, then maybe you don't understand that that's your job.

So, in other words, you were looking forward to an era where there were going to be C.E.O.s that had not really had editorial experience?

That's right.

Toward the end of your regime, do you recall suggestion by Shepley--I read it somewhere and I can't remember where--that the corporation reorganize into totally separate business units, and that there be boards for each separate business unit?

Yes.

How did that come about?

That was Shepley's, and I think aided and abetted by Arthur Temple. His idea. I found it very cumbersome. I was not enthusiastic about it.

Arthur Temple being a major shareholder and on the board, having