Professor Elam

Sam Zell sold Equity Office Partners at just the right time for $39 B. Then he bought money losing Tribune newspapers. What was he thinking. Read the article. Lesson, do not stray from what you know how to do.
We often see this when Boards recruit medical doctors. Because the Doctor makes a mot of money removing gall bladders or such, it is assumed that makes he or she and expert on how to run say the Library Board. Nothing could be further from the truth. Doctors tend to be isolated and extremely well versed in one topic, like gall bladders.  Now Sam Zell is paying for such a mistake.  Knowing how to acquire and rent office space does not make you successful in an already money losing newspaper empire.