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Now, I want to say, in saying this, that I have no inkling of evidence, and I'm not making even an implication that Marian has ever used the fact that she's a member of the board of directors of Ford to influence or affect anything in New York Times policy. That has to be very clear. I'm not making any accusation, or implying any, that there has been an improper activity. What I am saying is, I think it is a potentially - I think it's an unsavory position to be in, to be a member of the board of the Times, especially as a member of the family, and to be an outside director, and I guess that I am very much under the influence of the tradition that was set long ago by Adolph Ochs, who wouldn't even have any outside investments. And Arthur Sulzberger, too, Sr. And as far as I know, Punch also, by the way, no outside investments. No stock ownership in other companies. And I think that was a good policy.

Now, on the question of being on the board of nonprofit or public institutions, I have to say that this question did come up, with Punch, at the time that he was asked to go on the board, I believe, of the Metropolitan Museum and of Columbia University. I don't think it was simultaneous, but at that time, in succession, certainly Columbia in succession to his father, and at one time or another, quite a long time ago, after he'd become publisher, of the Metropolitan Museum of Art.

And we talked about that, at that time. I think he raised the question himself with me. And I remember saying to him that I saw no reason why he should not be a member of such a public nonprofit institution, as a publisher, chairman of the New York Times.