Journalism Ethical - Graines de Changement

12Investments and Family Ties124. Supervising editors in business-financial, technology or medianews should be especially cautious in investing because theymay reasonably expect to become involved in the coverageof virtually any company at any time. Their counterpartsin other departments should be equally sensitive to possibleconflicts in supervising coverage of companies in their domain.125. Because of the sensitivity of their assignments, some businessfinancialstaff members may not own stock in any company(other than the New York Times Company). These includethe Market Place writer, other market columnists, the regularwriter of the daily stock market column, reporters regularlyassigned to mergers and acquisitions, the daily markets editor,the Sunday investing editor, the Sunday Money & Businesseditor, the business and financial editor and his or her deputies.126. Masthead editors and other editors who play a principal partin deciding the display of business and financial news, includingits display on Page 1, may not own stock in any company(other than the New York Times Company).127. The editorial page editor, the deputy editorial page editor andthe OpEd editor may not own stock in any company (otherthan the New York Times Company). Nor may editorial writersand OpEd columnists regularly assigned to write about business,finance or economics.Transitional Arrangements128. A staff member who owns stock and moves into an assignmentwhere such holdings are not permitted must sell the stock.Those who are newly barred from owning stock of any sort(for example, on being promoted to deputy business andfinancial editor) may dispose of their shares in phases, followinga reasonable plan worked out with the associate managingeditor for news administration. But the phase-out does notapply to reporters or editors who own shares in specific industriesthey are newly assigned to cover. For instance, it is manifestly38E T H I C A L J O U R N A L I S M