The following lead paragraph was published in an article entitled, “Why the Times Could Go Private,” in the December 11, 2006 issue of Business- Week : “Even before restive shareholders began ramping up pressure on The New York Times Co. and insurance mogul Maurice R. ‘Hank’ Greenberg started buying shares, Chairman Arthur O. Sulzberger Jr. was thinking about taking the company private. In recent months, he has been quietly soliciting advice from trusted friend and financial adviser Steven Rattner , according to sources familiar with those discussions.” Later, the article adds that “ Rattner met with members of the Ochs -Sulzberger family, who control the voting shares of the parent company through a trust and hold 9 of the company’s 13 director seats. He offered various strategic alternatives, say sources, including a leveraged buyout.” What does the phrase “taking the company private” mean? What is a leveraged buyout? See Tom Lowry and Jon Fine, “Why the Times Could Go Private: An LBO Would Be a Long Shot, but Sulzberger and an Adviser Are Talking It Over,” BusinessWeek , December 11, 2006, p. 40.