Despite his experience with newspapers being limited to reading them, Mr. Zell told his new employees he wanted to reinvigorate the corporate culture to be more daring and nimble. “The challenge is, how do we get somebody 126 years old to get it up?” he told Times employees at a staff meeting. AdvertisementGrowing up in Highland Park, a prosperous suburb north of Chicago, Mr. Zell displayed an early entrepreneurial streak. Mr. Zell stayed in town for law school, though his classes were an afterthought to his nascent real estate business. Mr. Zell also invested in radio stations, cruise ships, mattresses and Schwinn bicycles.

Source: Forbes May 19, 2023 09:57 UTC