Gannett Chairman and CEO Al Neuharth started Freedom Forum in 1991 with $650 million in capital that shareholders forked over under duress soon after his retirement. Employees spent more than 50 years building that fortune when it was held in the original Gannett Foundation. The company's now-depleted charitable arm was dedicated to helping newspaper carriers and other needy people in communities where Gannett does business. In an occasional series, I'm reporting on what the Neuharth family has been doing with all that money.
Wednesday, January 07, 2009
The Money Trail: Tracing a $650 million fortune
Gannett Chairman and CEO Al Neuharth started Freedom Forum in 1991 with $650 million in capital that shareholders forked over under duress soon after his retirement. Employees spent more than 50 years building that fortune when it was held in the original Gannett Foundation. The company's now-depleted charitable arm was dedicated to helping newspaper carriers and other needy people in communities where Gannett does business. In an occasional series, I'm reporting on what the Neuharth family has been doing with all that money.
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